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Billionaire vows to launch Mexico’s first Bitcoin-bank

While also confirming plans to open the first BTC-accepting bank in Mexico, the third-richest man in the country, Ricardo Salinas Pliego, has doubled down on his support for Bitcoin, indicating that a bitcoin-based bank is opening in the country.

A tweet from Mexican billionaire and billionaire emeritus Carlos Slim on June 27 reads, “My bank is working to become the first in Mexico to allow customers to make transactions using Bitcoin.”

Bitcoin has received another massive endorsement after influential real estate investor, Ramon Salinas, described Bitcoin as “absolutely correct” to think of it as the new gold.

Salinas is the founder and chairman of Grupo Salinas, a Mexican corporate conglomerate spanning a number of different companies, including TV Azteca, a Mexican television network, as well as Elektra, a Mexican consumer electronics retailer, Mazatlan F.C., a Mexican football club, and Banco Azteca, a major local bank.

Banco Azteca is based in Mexico, Panama, Guatemala, Honduras, and Peru. The firm, which began offering consumer credit for goods, personal and small business loans, credit cards, mortgages, and payroll systems in 2002, has consumer credit for goods, personal, and small business loans, credit cards, mortgages, and payroll systems.

Salinas’ fortune has risen by $2.8 billion this year to equal $15.8 billion, according to the Bloomberg Billionaires Index.

“According to Salinas, who has made his liquid portfolio 10 percent in Bitcoin, he has placed a small investment in the digital currency over the last year,” the media report said. He has publicly expressed his great admiration for the asset multiple times, most recently at the beginning of 2021 in an interview with Cointelegraph.

Kraken became the first cryptocurrency firm to obtain a banking charter from the state of Wyoming in September 2020. The Wyoming State Banking Board voted to grant Avanti a bank charter for crypto-related services in October of the same year.

Fintech firms can now offer lending products without state bank regulatory oversight. Anchorage, a crypto custodian, was the first firm to receive chartering, having received licensure in January 2021.

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