Bitreserve Expands to India and Mexico: Partners with Mexican Billionaire
Bitcoin bank Bitreserve, founded by CNET founder Halsey Minor in 2013, shields its customers from the volatility of bitcoin by instantly locking deposits to a fiat currency selected by the customer, for example the US dollar. If you make a deposit in bitcoin to Bitreserve, you don't have to worry about volatility, because your bitcoin can be converted to....
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Bitreserve has included two new currency accounts pegged at Mexican peso and Indian rupee respectively. With this, people will now be able to transfer and convert bitcoin to pesos and rupees without being affected by bitcoin exchange rate volatility. By adding Indian rupee and Mexican peso, Bitreserve has gained access to a huge chunk of low value- high volume international remittance stream originating from the low income Mexican and Indian emigrant workforce who send money back to their families on a regular basis. With the addition of Bitrupee (BitINR) and Bitpeso (BitMXN), Bitreserve....
The third-richest billionaire in Mexico, Ricardo Salinas Pliego, has shared his experience of living through hyperinflation. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s.
Mexican Billionaire Warns About Inflation
Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some advice Thursday regarding inflation, hyperinflation, bitcoin, and fiat currencies at the Bitcoin 2022 conference in Miami, Florida.
Salinas is the founder and chairman of Grupo....
Mexican billionaire Ricardo Salinas Pliego said he is working with his bank, Banco Azteca, to be the first in Mexico to accept bitcoin.
On May 4, The Times of India reported that Halsey Minor, the multi-millionaire entrepreneur and founder/CEO of BitReserve, engaged a meeting with the local regulators for the company's future plans to launch its services there. "After the U. S., U. K. and China, we want to now set up operations in India, and we are talking to regulators and potential partners on a range of our Internet-based finance offerings," Minor told Times of India. The aim of the launch in India is to provide users with "direct control of their money," as Minor plans to offer BitReserve as a "financial inclusion....
Mexican Bitcoin Exhange Bitso has officially launched as the first Ripple Gateway in Mexico. Bitso will be the first issuer of Mexican Peso (MXN) balances on the Ripple Network. The company intends to use the unique characteristics of the Ripple network and protocol to tackle the remittance market between Mexico and the US. Bitso is a Mexican-based provider of cryptocurrency services, including remittance facilities and consultation. The company has offices in Mexico City, Puebla and Vancouver. The intention with becoming a Ripple gateway is to extend service offerings available to its....