Display Different Content to Different Joomla Visitors

If we wanted to display different content to website visitors depending on the location of their IP address, how would we do it?

Example, say we want to have our content in Spanish for local visitors and in English for everyone else in the world, and the content would be worded in a different way to reflect local customs and values, is there a Joomla extension that does that, simply by detecting the geographical location of the visitor?

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