Select Page

Mexican Bank, Banco Azteca Working to be the First Bank in Mexico to Accept Bitcoin

Mexican Bank, Banco Azteca Working to be the First Bank in Mexico to Accept Bitcoin
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

Ricardo Salinas, one of the richest men in Mexico is bullish on Bitcoin (BTC). His conviction that Bitcoin is a viable store of asset and a superior alternative to fiat currencies has stirred his resolve to work to make his bank, Banco Azteca the first to accept Bitcoin in Mexico. Salinas made this revelation on Twitter in response to his past comments on Bitcoin shared by the duo of Anthony Pompliano and MicroStrategy CEO, Michael Saylor.

Per the translated version of the comments shared in an interview, Salinas noted that he has invested a lot of time in studying Bitcoin, and recommends that it is an asset every investor should have in his portfolio. 

“It is an asset that has international value, that is traded with an enormous liquidity on a global level, and that is enough reason to be part of every portfolio, period,” he said.

Bitcoin is a vital asset for a growing number of corporate investors, partly because of its 21 million finite supply. This coded feature according to Salinas makes Bitcoin superior to fiat currencies which he calls a “Fraud.” Salinas chose Bitcoin when asked what asset he can HODL for about 30 years.

The Push for Banco Azteca

Based on his resolve, Salinas says he is working to make Banco Azteca, a banking institution that operates in a number of Latin American countries, the first to receive Bitcoin in Mexico. 

Currently, the world is seeing a gradual transition in which banks are beginning to offer direct crypto-related services to their clients. While Spanish bank BBVA floated a crypto-related offering to its Swiss clients, American banking giants including JPMorgan, Morgan Stanley and Goldman Sachs amongst others are also creating avenues for their clients to invest in Bitcoin.

Salinas did not unveil the details of the approach Banco Azteca is taking to provide Bitcoin-related services, however, the billionaire investor noted that further information will be revealed in the near future. The embrace of major financial institutions into the Bitcoin ecosystem is further increasing the establishment of the cryptocurrency as an investable asset.

Ongoing regulatory clampdown on crypto activities in China has contributed to the fall in the price of the asset in the past weeks. Currently changing hands at $33,314.28, up 6.11% in the past 24 hours, a number of institutional investors are buying up more, with hopes of rising in price in the near to long term.

The post Mexican Bank, Banco Azteca Working to be the First Bank in Mexico to Accept Bitcoin appeared first on Coingape.


Source: Coingape


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for the android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here


Select a Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber