Billionaire vowed to become Mexico’s first Bitcoin-friendly bank

Mexico’s third richest person, Ricardo Salinas Pliego, has stepped up support for Bitcoin and revealed plans to open the country’s first BTC-accepting bank.

On June 27, the Mexican billionaire expressed his support for the widespread adoption of BTC on Twitter, and pointed out that his bank is “working” to become the first bank in Mexico to accept the world’s leading digital assets.

Comments follow one Salinas’ massive endorsement of Bitcoin, He stated that it is “absolutely correct” to treat Bitcoin as the new gold.

Salinas is the founder and chairman of Grupo Salinas, a Mexican conglomerate that encompasses TV and radio network TV Azteca, consumer electronics retailer Grupo Elektra, football club Mazatlan FC and local major bank Banco Azteca.

Banco Azteca has annual revenue of US$2.54 billion in 2020 and has operations in Mexico, Panama, Guatemala, Honduras and Peru. The company started operating a bank in 2002, providing consumer credit for commodities, personal and small business loans, credit cards, mortgage loans, and payroll systems.

According to the Bloomberg Billionaires Index, Salinas’ wealth increased by $2.8 billion this year to $15.8 billion.

news media Add to Salinas said that he invested 10% of his liquid investment portfolio in Bitcoin last year.He has repeatedly expressed his respect for assets, including in Interview with Cointelegraph In early 2021.

related: Mexico’s second richest man calls Bitcoin his “best investment ever”

In September 2020, San Francisco-based cryptocurrency exchange Kraken becomes the first licensed cryptocurrency business After obtaining a license from the state of Wyoming, which is friendly to cryptocurrency, it operates as a bank in the United States.In October of the same year, the Wyoming State Banking Commission voted and approved Grant of Avanti Bank License to Financial Institution Used for encryption-related services.

At the end of last year, the Office of the Comptroller of the Currency launched a Regulations that allow fintech companies to provide loan products There is no need for the supervision of the national banking supervisory agency.Anchorage, the cryptocurrency custodian, became the first to receive Permit under the constitution January 2021.