Mexico's third richest man, Ricardo Salinas, said that Banco Azteca is preparing to become the first bank in Mexico to incorporate services with Bitcoin.
Ricardo salinas, the third richest man in Mexico, reported that Banco Azteca will be the first bank in the country to offer financial services with Bitcoin (BTC). On his Twitter account, Salinas highlighted that the bank is studying the possibility of integrating this cryptocurrency so that it soon becomes part of your service offering, offering exposure to your clients and users.
Salinas says that Bitcoin is a great option and opportunity for investors to diversify their investment portfolios with an asset with unique and extraordinary properties. On many occasions, Salinas has described Bitcoin as “the gold of the modern world” and as a cryptocurrency with the potential to give us back our freedom and protect us against the devaluation of the currency. fiat money from banks, which has no value in some economies of the world such as Venezuela. On his Twitter, Salinas also highlighted that the inflation of fiduciary currencies is what is stealing our purchasing power in a stealthy way, which goes unnoticed by the vast majority, which is why he called it “the silent death.”
Banco Azteca is part of the Grupo Salinas conglomerate, founded by the Mexican businessman in 2001, which reports revenues of more than $9.000 billion a year. Ricardo Salinas Pliego is considered the third richest man in Mexico, with an estimated total wealth of $13.300 billion, of which 10% is invested in bitcoin, he said last year.
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Simplicity, portability and divisibility
Some of the characteristics of Bitcoin that Salinas has emphasized the most are simplicity, portability and divisibility. The Mexican businessman points out that Bitcoin is an asset with better properties than gold, especially due to its simplicity and divisibility when making payments and transactions or when storing value, in addition to its high portability, unlike gold.
In fact, in a recent tweet, Salinas responded to Michael saylor, CEO of MicroStrategy and the largest institutional investor in Bitcoin with over 101.000 BTC on its balance sheet, saying that it is absolutely true to say that Bitcoin is the “new gold.” In his message, Salinas took the opportunity to compare Bitcoin as a much more portable and easy-to-transport asset than “gold bullion.”
Saylor was referring to a message from Salinas where the entrepreneur stated that those who want to preserve its value in the future for future generations should invest and HODL the cryptocurrency.
Despite the drop in value experienced by Bitcoin since mid-May, interest in this cryptocurrency continues to grow, especially in Latin America.
Bitcoin Adoption in Latin America
The approval of El Salvador's Bitcoin Law sparked a great interest in cryptocurrency among the Latin American population. Political representatives from Panama, Paraguay, Mexico, Argentina and Brazil have spoken out in favor of the adoption and integration of bitcoin into their financial systems. Gabriel silva, a Panamanian congressman, is preparing a bill for next month that, if approved, will allow the country to adopt bitcoin to encourage investment, technological development and entrepreneurship.
For its part, Carlos Rejala, a Paraguayan congressman, reported that on July 14 he will present his bitcoin bill so that the country can regulate the cryptocurrency and make it function as a means of payment. In addition, Rejala reported that a bitcoin law in Paraguay will promote innovation and technological development in the South American nation.
Although regulators in other parts of the world do not agree with the adoption of Bitcoin in the region, several Latin American countries have been strongly affected by the crisis accelerated by COVID-19, so they are looking for alternatives with which they can boost and make their economies emerge. In that sense, Bitcoin is a decentralized digital asset with an extraordinary potential for long-term appreciation, which is why it has become a safe haven for millions of people and companies around the world.
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