Stock Groups

World’s Third Largest Department Store ‘El Corte Inglés’ to Launch Cryptocurrency Exchange  -Breaking


World’s Third Largest Department Store ‘El Corte Inglés’ to Launch Cryptocurrency Exchange

Spanish retail company ‘El Corte Inglés’, Europe’s biggest department store and third-largest worldwide, has made its foray into the crypto world after announcing the launch of an exchange platform in partnership with consulting firm Delloite.

Company President Marta Alvarez and CEO Victor del Pozo have applied to EUIPO (European Union of Intellectual Property Office) for the registration of ‘Bitcor’ – the department store’s very own cryptocurrency exchange. Bitcor allows the exchange of,, and many other cryptos.

Bitcor will also provide financial and blockchain services and currency exchange transactions, which come together to represent a part of El Corte Inglés’ diversification strategy to explore new markets.

El Corte Inglés and Deloitte contacted tech company Minos Global in order to set up the platform. The exchange will aim to capitalize on the base of clients who already have an El Corte Inglés credit card, of whom, in Spain alone, there are currently 11 million clients who own El Corte Inglés credit cards.

All El Corte Inglés clients will be eligible to register on Bitcor to invest in cryptocurrencies without the need for intermediates or high commission rates.


Get the other side of crypto!

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

With just one click, you can unsubscribe at any time.

Continue reading on DailyCoin

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.