Bitcoin Progress Report: Mexico not threatened by Bitcoin
News that is put out by the mainstream about Mexico runs the gamut. You listen to people who visit and live in Acapulco say it's a great place, modern and tourist friendly, with low crime. Closer to the northern U. S. border, issues with drug cartels, violent murder, and political intimidation and assassination are legion. Having never been there, what can be said for sure is Mexico is a large and diverse country, not unlike the U. S. or any other large country. What happens in one part doesn't represent the entire country, any more than Detroit or New York, are what the United States are....
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A recent study suggests that 99% of people from Mexico and Brazil and 96% of Americans fail to grasp the basic concepts of cryptocurrencies. Out of all the survey respondents aware of bitcoin, 17% in the U.S., 15% in Brazil, and 14% in Mexico own the crypto asset. The report published by cryptoliteracy.org further explains that 9 out of 10 survey respondents did not know that Bitcoin’s supply is capped off at 21 million.
Despite the Bull Run in 2021, Study Shows Crypto Knowledge Is Lacking in the US, Mexico, Brazil
According to a study published by cryptoliteracy.org....
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.....
“Cryptocurrency will have a huge impact on Latin America. The most obvious impact for Mexico is the lower of costs to send money to and from the United States which is one of the most powerful remittance corridors in the world.Bitcoin is just the beginning of new opportunities in the digital currency realm.” – Jesse Heaslip, BEX CEO The above quote pretty much sums up why Mexico especially is in such need of cryptocurrency integration. This is where CoinBatch comes in, a company that allows you to exchange Bitcoins, and is planning on having their own ATM network as well. To start we are....
Mexico-based airlines TAR Aerolineas has become the first in Latin America to accept bitcoin payments. The airliner will accept payments in the digital currency following a partnership between Openpay - a Mexico-based payment service provider - and payment processor BitPay. In a statement, Jose Calzadias, commercial manager at TAR, said that the company, which serves 12 destinations throughout Mexico, would continue to evaluate payment options that give