First bank in Mexico to accept Bitcoin

Ricardo Salinas Pliego, bitcoin star and the 166th richest person in the world, said he was working to make his bank the first in Mexico to accept the largest cryptocurrency, bitcoin.

First bank in Mexico to receive Bitcoin

Mexican billionaire Ricardo Salinas Pliego said Sunday that his banking business could start using Bitcoin and would be the first bank in the country to start accepting the cryptocurrency.

Salinas, ranked the third richest person in Mexico by Forbes with an estimated family fortune of $ 15.8 billion, is the owner of large banking company Banco Azteca.

Last year Salinas said he invested about 10% of his liquid portfolio in Bitcoin. On Sunday, he said that all investors should research cryptocurrencies and their futures.

In a tweet in response to Bitcoin enthusiast and MicroStrategy CEO Michael Saylor, the Mexican billionaire said, “Me and my bank (Banco Azteca) are working to become the first bank in Mexico to accept it.” #Bitcoins. “

Bitcoin rebounded around 7.5% on Sunday and was trading at around $ 34,500.

Saylor comments on a video with Salinas that popular investor and Bitcoin advocate Anthony Pompliano shared on Twitter.

In the video, Salinas explains how he witnessed hyperinflation firsthand and told him about his reasons for investing in Bitcoin and why he thinks “Fiat is a scam”. He also explained why he would use crypto over any other asset.

Ricardo Salinas Pliego’s perspective on Bitcoin

According to Wikipedia, Salinas is the founder and chairman of Grupo Salinas, a group of companies with interests in the telecommunications, media, financial services and retail sectors. Forbes estimates his net worth at $ 15.8 billion.

Ricardo Salinas Pliego, the third richest man in Mexico, says bitcoin is a must have in any investment portfolio. Pliego already has a bitcoin investment.

Ricardo Salinas Pliego stated in an interview with José Rodríguez, manager of Blockchain Land that, in his opinion, Bitcoin is a solid investment like gold. He says that the discussion of its nature is not so important to those who know its properties:

“I think all the advantages Bitcoin has are enough to make it the gold of the modern world … There is no reason to argue whether it is a currency or not.”

Ricardo Salinas argues that Bitcoin’s limited liquidity, ease of portability, and excessive international liquidity are compelling reasons to view Bitcoin as an asset to consider when building a portfolio. Salinas explains that every investor should own Bitcoin.

In a June 27 tweet, Ricardo Salinas Pliego confirmed his claim that he recommends Bitcoin as an investment rather than fiat currency or gold.

“That’s right, Bitcoin is the new gold, but it’s too portable, it’s much easier to transport Bitcoin than having bars in your pocket … and I knew I would be attacked by gold lovers,” he replied to a tweet by MicroStrategy CEO Michael Saylor.

Saylor is linked to an earlier video interview with Pliego in which he stated that Bitcoin is easily beating the U.S. dollar in preserving assets.

Pliego has expressed its admiration for Bitcoin several times and on different platforms, including in a special interview with Cointelegraph earlier this year.

When a Twitter user asked him how Mexico could follow El Salvador into legal tender, Pliego was left blank.

“I don’t know,” he replied.

However, his most recent tweet shows his passion and absolute belief in Bitcoin’s potential as he works to make his bank the first in Mexico to accept Bitcoin.

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