BANCO AZTECA IN MEXICO, THE FIRST FINANCIAL FIRM TO EMBRACE BITCOIN

Coinmercury
3 min readJul 2, 2021

One of the wealthiest folks in the United States, Ricardo Salinas, is now bullish on BTC crypto. Salinas believes that BTC is an option that is feasible and working successfully.

Special Alternative

The Bitcoin currency is a special alternative to the traditional medium of exchanges. Including money controlled by regulatory governments. This aspect has triggered Ricardo to cause his banking

institution. As the first bank to endorse and accept the BTC in the Mexican city. The tycoon came out with clarity on the Twitter platform. He responded to his previous statements on the popular cryptocurrency. On Twitter, he said that he recommends the utilization of BTC. He added that his bank and team are working together to campaign for BTC. In case anyone requires extra information, his Twitter account is consistently active. So, individuals can follow up on recent news.

According to the statements, Ricardo was able to note his intense investments. These were in the time he was learning more about Bitcoin. In this study, he says everyone who’s a crypto investor should come up with their portfolio. Also, he continued to say that BTC is a digital asset having a broadened value. It cuts across borders with gigantic liquidity on the international realms. He closed the statement to say something interesting. He said BTC has liquidity sufficient which is why it is to be part of each portfolio.

Bitcoin as an Important Asset

In truth, BTC is an important digital asset. It is actively developing numerous investors at corporate levels. This is so because of the twenty-one million finite distributions globally. The coding aspect according to Ricardo empowers the BTC making it more powerful. In comparison, other regulated currencies which Salinas nicknames a ‘Fraud’. When queried about the digital asset he can hold for at least 3 decades. He selected Bitcoin as his preferred choice for the virtual currency.

The Bank of Banco Azteca

Regarding this, Ricardo said he is busy working. This is to ensure that his financial entity is the first to embrace

BTC in the Mexican city. Recently, a tangible transition is with the recent actions of banking institutions. They are proudly beginning to give digital access to active and prospective consumers. BBVA is another bank in Spain floating digital currency-related packages to their consumers. Similarly, huge institutions in the United States of America are not behind. Financial institutions like Morgan Stanley are among the many banks from the US. In addition, they are creating highways for consumers to trade in the BTC business.

Ricardo didn’t reveal the prior information about the bank’s approach. As they will be using it in providing BTC-related goodies. However, the wealthiest trader summarized positively. In addition, he said that detailed information will be out in the coming days. Therefore, so far, we are seeing development in the crypto world as a tradable asset internationally.

Source: https://coinmercury.com/banco-azteca-in-mexico-the-first-financial-firm-to-embrace-bitcoin/

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