enBitcoins Remittances Expands to Mexico
In the last week of January, Argentina-based operator enBitcoins expanded its services to Mexico. Mexican residents can not only pay utility bills but also send and receive money. It seems like the company is moving forward with its goal of conquering Latin America. Previously, CoinTelegraph had written about enBitcoins expanding to Colombia. As judged from the short period of time between opening in two countries, the company is quite speedy in its expansion. Mexicans now can benefit from utility payments through the enBitcoins platform as well as residents of Colombia and Argentina.....
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Recently, Argentina-based payment operator enBitcoins expanded its services to Colombia. The company’s CEO and founder, Marcelo Guillen told CoinTelegraph they are offering the benefits of Bitcoin utility payments to local residents. Five days ago they posted a small announcement about the launch of their Colombian office at Tarringa. enBitcoins was the first Bitcoin bills payment service in Argentina. They allow users to pay bills via the Internet without the need to go out of your home. They charge a 2% fee for their services. enBitcoins doesn’t require any government papers to use their....
Puebla, Mexico-based digital currency exchange Bitso has launched a Ripple gateway for the peso to allow remittance capabilities to its customers. Bitso's establishment as an entry point into Ripple's peer-to-peer network means that its customers will be able to more easily transfer pesos, US dollars and BTC across borders. The company's co-founder and CTO Ben Peters said: "We are committed to developing the infrastructure required to revolutionize the incumbent remittance ecosystem in Mexico, harnessing the transformative innovations of cryptocurrency." Remittances. Since Mexico is the....
As Trump Targets Mexican Remittances, It’s Time for Mexico’s Government to Get Serious about Bitcoin
No country had more to lose from Donald Trump’s presidential victory than Mexico, an economy that heavily relies on remittances from the United States. Mexico received $24 billion in remittances in 2015, the country’s largest source of currency after direct investment. The Mexican government has been bracing for this blow and has taken steps to shore up its finances. The impending fallout should give the Mexican government reason to pay more attention to progressive cryptocurrency regulation, considering Mexicans working in the U.S. will have limited recourse for sending money back to....
Last week, President Donald Trump signed an executive order to build a wall along the U.S.–Mexico border as he had promised during his presidential election campaign. Aside from the ethical and practical issues of building the border wall, the issue of how it will be financed was also raised by opponents during his campaign. Trump’s proposed solution to funding the wall is either to heavily tax U.S.–Mexico remittances or to fully prohibit them altogether, so that the funds needed to build the wall will stay in the U.S. According to the World Bank, U.S.–based Mexican immigrants send around....
Mexico’s biggest cash cow is under siege as Donald J. Trump threatens to tax or halt remittances to the country in order to pay for his border wall. Western Union Shares Dive. Following Trump’s executive order to start building the southern border wall issued on Wednesday, markets are already taking into account the possibility of a tax on remittances from the U.S. to Mexico. This is already being felt by such remittance giants as Western Union whose shares dropped 2.44% today. As a whole, the legacy remittance industry has been facing increasing competition from fintech and money transfer....