Ricardo Salinas vows to run Mexico’s first BTC-friendly bank

Ricardo Salinas promises to make his bank the first in Mexico to accept BTC as the third richest in the country. So read more on our latest bitcoin news today.

Ricardo Salinas pledges to create better conditions for crypto users in the country after doubling his support for BTC and revealing plans to open the country’s first crypto-accepting bank. The Mexican billionaire has expressed his support for the widespread adoption of BTC, noting that the bank is working to be the first in Mexico to accept the world’s leading digital asset. The comments followed a strong endorsement of BTC by Salinas, who initially said it was right to treat BTC as gold. Salinas is the founder and chairman of Grupo Salinas, a Mexican company that, together with consumer electronics retailer Grupo Elektra, Football Glub Mazatlan and Banco Azteca, is expanding the TV and radio network TV Azteca.

If you want to keep your wealth for a generation, @RicardoBSalinas suggest investing in #bitcoin. The strategy is simple – choose the highest quality content you can find and #hodl. https://t.co/ScRubzNBuR

– Michael Saylor (@michael_saylor) June 27, 2021

Banco Azteca has annual sales of $ 2.54 billion in 2020 and operates in Mexico, Panama, Honduras, Peru and Guatemala. The company started banking in 2002, offering consumer credit for merchandise, small business credit, credit cards, payrolls, and mortgages. According to Bloomberg, Salinas’ net worth reached $ 2.8 billion to $ 15.8 billion that year.

Banco Azteca, with 2020 annual sales of $ 2.54 billion, operates in Mexico, Panama, Guatemala, Honduras and Peru. The company, which began banking in 2002, provides consumer credit for merchandise, personal and small business loans, credit cards, mortgages, and payroll systems.

According to the Bloomberg Billionaires Index, Salinas net worth grew by $ 2.8 billion this year to $ 15.8 billion. News reports show that Salinas said he invested 10% of his portfolio in BTC last year. He has repeatedly spoken out in favor of this property. In 2020, the San Francisco-based exchange Kraken became the first crypto company to be chartered to operate as a bank in the United States after being licensed by Wyoming. In October, the Wyoming State Banking Council voted to issue a banking charter for crypto companies to the financial institution Avanti.

Late last year, the Office of the Comptroller of the Currency introduced a new regulation that allows fintech companies to offer credit products without the need to seek oversight from state banking regulators. For example, Anchorage was the first crypto company to receive a charter license in 2021.

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