Bitcoin Will Scale Donald Trump's Mexico-Remittance Wall
One of Donald Trump’s many campaign promises if he is elected President of the United States is a tall wall along the Mexico-U.S. border. Mexico is footing the bill, if it were up to the Donald. Refuse and Trump will put the brakes on the $24 billion remittance flow from U.S. to Mexico, his plan shows. The legality and feasibility of such measures aside, the plan is simple enough, with one significant shortcoming. If Trump wins the Presidency and somehow imposes a sweeping rule to legally block all remittance from the United States to Mexico, services such as Western Union, Xoom and other....
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There has been a lot of talk about Donald Trump and his plans to build a physical wall around Mexico. But how this makes the controversial figure a disputed messenger of Bitcoin? Let's check out: There has been a lot of talk about Donald Trump and his plans to build a physical wall around Mexico. This plan would be set in motion to prevent remittance solutions originating in the US, and coerce the Mexican government into paying for this wall in the end. But Bitcoin will quickly sneak around this border, making Trump’s plan seem ever more silly than it was in the first place. For a....
Donald Trump's idea to finance the US-Mexico wall by imposing taxes on remittance between both countries will see people opting for Bitcoin and other cryptocurrencies. Cryptocurrencies may soon rule the United States – Mexico remittance market. As President Donald Trump reiterates his vision to build a wall between the two countries, United States may look for ways to recover a portion of expenses from Mexico either through increased taxes or remittance blockades. Mexico may not willingly bear its fair share of costs as it is not comfortable with the wall separating both countries. It....
If Mexico doesn’t pay for a wall with the US, Donald Trump announced he will try to cease money transmissions to the country. Many have laughed at the concept especially those who bolster the digital currency Bitcoin. One cryptocurrency company, Genesis Mining has announced a billboard campaign that shows the virtual money’s ability to trump the....
Bitso a Bitcoin to Mexican Peso exchange, which uses the popular cryptocurrency to let Mexicans freely trade dollars and pesos in and out of Bitcoin. Donald Trump has been facing a lot of backlash over his idea to build a wall around Mexico to halt the remittances flowing from the US to this country. While it is evident Bitcoin can easily sneak around any artificial wall, Mexican Bitcoin startup Bitso raised US$1.85m to provide better remittance solutions. Attacking the remittance payment industry is never a smart idea, and Donald Trump will come to that realization at some point in his....
American real estate mogul and presidential hopeful Donald Trump has announced his intentions to impound all remittance payments derived from “illegal wages” and increase fees on all temporary visas issued to Mexican CEOs and diplomats. Trump also vows to increase fees on all border crossing cards – of which we issue about 1 million to Mexican nationals each year - and increase fees on all NAFTA worker visas from Mexico. The majority of migrant Mexican workers send most of their salaries back to Mexico to their families. According to the World Bank, three of the most frequently used....