Latin America’s online banking and payment ecosystem has expanded rapidly since the start of the pandemic, especially within Mexico, where rising rates of smartphone and internet penetration have pushed the adoption of digital wallets and related tools up. While a high portion of the country’s consumers remains unbanked and thus reliant on cash to make […]
Mexico - Bitcoin News Related To Mexico
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BigCommerce Moves Into Germany, Mexico and Spain
Open Software-as-a-Service (SaaS) eCommerce platform BigCommerce on Monday (Jan. 31) broadened its reach into Germany, Mexico and Spain, allowing local merchants to grow their direct-to-consumer (D2C) and business-to-business (B2B) platforms around the world, a company announcement said. BigCommerce’s expansion into three new countries also adds omnichannel capabilities in those regions. The additions follow BigCommerce’s launch […]
Revolut to Offer US Consumers Free Remittances to Mexico
Global finance app Revolut has announced that U.S. customers can transfer money to Mexican bank accounts, according to an emailed press release today (Jan. 28). The service will be offered fee-free and would be done in up to 30 minutes. Revolut has been working on improving the U.S. methods to send money to home countries. […]
Apartment Bought In Mexico For 5.78 Bitcoin
The purchase marks Latin American real estate market leader La Haus’ first home sale for bitcoin.
LatAm Payments Firm Ebanx Expects to Double Mexican Market
Payments firm Ebanx anticipates that it will double its business operations in Mexico for the second consecutive year as it moves to onboard 10 new retailers and launch its first office in the country with an expanded roster of employees. Ebanx co-founder and CEO Joao del Valle told Reuters on Monday (Jan. 11) that the […]
Now I Need Bitcoin: A Banking Breakdown in Mexico
Jeff Wilser discovers what it means to be unbanked and out of cash.
Bank of Mexico Aims for 2024 CBDC Launch
The Bank of Mexico wants to have its own digital currency circulating sometime in the next two years, in an effort to foster financial inclusion in a cash-heavy country, according to published reports. The president of Mexico’s central bank, Andrés Manuel López Obrador, said on Twitter it is important “to use these new technologies and […]
Mexico Plans to Issue a CBDC by 2024, Government Confirms
The Mexican government tweeted that it considers these new technologies and payment infrastructure of “utmost importance” to advance financial inclusion.
Mexico’s Third Richest Billionaire’s Advice: Invest in Bitcoin, Stay Away From Dollars, Euros
Mexico’s third-richest billionaire has advised people to stay away from fiat currencies, like the dollar and euro, and invest in bitcoin. Calling fiat “fake money made of paper and lies,” he stressed that “central banks are printing more money than ever before.” Ricardo Salinas Pliego Recommends Investing in Bitcoin, Says Avoid Fiat Money Mexico’s third-richest […]
Leading Mexican Retailer Grupo Elektra Accepts Bitcoin
Mexico’s Grupo Elektra, a leading retailer in Latin America, is accepting bitcoin for payments. The chain belongs to conglomerate Grupo Salinas, which is owned by Mexico’s third-richest billionaire, the pro-bitcoin Ricardo Salinas Pliego. Ricardo Salinas Pliego’s Retail Chain, Grupo Elektra, Now Accepts Bitcoin Elektra is a supermarket and banking chain belonging to conglomerate Grupo Salinas, […]