Bitcoin Now Accepted at Every 7-Eleven in Mexico
You can now pay with Bitcoin at 7-Eleven stores in Mexico. Photo via Tommy Ironic. We're continuing to see the ability to pay with Bitcoin trickle out into large brick-and-mortar stores in different parts of the world, even when it seems like those stores have not given Bitcoin their stamp of approval. We had many different Subways begin to accept Bitcoin a few months ago, and now you can also use Bitcoin as a payment option at the 7-Elevens and Ghandi bookstores in Mexico. Although these stores are not accepting bitcoins directly, they accept payments from something called the Pademobile....
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In a marketing effort, 7-Eleven Mexico announces the launch of its own virtual currency dubbed "Big Coins." The company is looking to retain customers and build its online presence by rewarding engaged consumers. Earlier this week, local franchise 7-Eleven Mexico, unveiled its latest marketing initiative "Big Coins," a loyalty program that is taking the form of a "virtual social currency," according to a company's announcement. Customers will be rewarded with the virtual currency "simply by logging into [the company's] social blog," reading, sharing or commenting on 7-Eleven's products....
7-Eleven convenience stores and Ghandi Bookstores in Mexico will reportedly begin accepting bitcoins, albeit indirectly, according to news website El Diario. It's coming together thanks to a payments company/mobile wallet called Pademobile that allows users to make payments directly from their mobile phones. The company's CEO Raul Nogales revealed that Pademobile users can link in their Coinbase accounts in order to make payments. And since 7-Eleven and Ghandi Bookstores already work with Pademobile, it means you can use your bitcoins to buy snacks, pay bills, books, and more. Although the....
Mexico has seen modest Bitcoin market penetration so far but has also avoided any condemnation or over-regulation by government. Bitcoin is seen as a digital asset and is not illegal to use in Mexico. 7-Eleven stores have taken Bitcoin under agreement and merchants are starting to hear about Bitcoin and accept it in larger metropolitan areas. This has created fertile ground for growth and innovation, and the newest application in Mexico may be the best and most useful. Called Volabit, it brings debit card convenience to smartphones in Mexico, making Bitcoin as easy to use as a peso.....
Bitso, Mexico's first Bitcoin exchange, has revealed to CCN a partnership with Pademobile that will allow all 3 million of the payment company's customers to purchase bitcoins from their mobile phones. The Mexican Bitcoin exchange has claimed they want to "strengthen the purchase and use of Bitcoin in Mexico" with this move. Pademobile is the company that was able to bring Bitcoin acceptance to every 7-11 in the country earlier in the year. Bitso has also announced that credit cards will now be accepted on their exchange platform, which makes them one of the first companies in the world to....
The Bank of Mexico and the National Banking and Securities Commission issued a statement earlier this year warning financial institutions not to deal with digital assets, but the president has not often spoken directly on the subject. President of Mexico Andrés Manuel López Obrador said the country was unlikely to follow in El Salvador’s footsteps by adopting cryptocurrencies like Bitcoin as legal tender alongside fiat.In an Oct. 14 press conference, Obrador, also known as AMLO, said Mexico “must maintain orthodoxy” in its financial management and would not be changing its position on....