Bitcoin Trading Service Makes Possible Buying Bitcoin in Local Banks in UK and Mexico
Want to be able to buy Bitcoins at your local bank? Now, if you live in the United Kingdom or Mexico, you can. Bitcoin trading service Wall of Coins has begun serving British and Mexican customers. Wall of Coins works by anonymously and securely matching buyers and sellers of Bitcoin. Sellers provide a bank account number and SMS-capable mobile phone number, set a rate, and send Bitcoin into an escrow account. Buyers then deposit the desired amount into the seller’s account, after which the Bitcoin is released from escrow and sent to the buyer. Robert Genito, CEO of Wall of Coins, is happy....
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Unisend has officially expanded to Mexico and will launch trading in the market this evening via its new website Unisend.com.mx. The Argentina-based bitcoin exchange's domestic bank accounts were suddenly closed earlier this August, a development that temporarily halted consumer deposits and bank transfers. However, it continues to serve the market as it seeks to more broadly expand its services in Latin America. If Unisend's goal is to become a reference point for bitcoin trading across the region, as founder Pablo Esterson indicated in a conversation with CoinDesk, Mexico is the first....
Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks for the creation of a national digital currency in the future.
Private Banks Want to Be Involved in Potential CBDC
Members of the Mexican Bank Association have stated their intention of helping the central bank of the country in the design and issuance of a potential central bank digital currency (CBDC). The....
Coinbase, a leading U.S.-based exchange, has announced it will now allow remittance receivers in Mexico to cash out the funds received through its service in local currency. This marks the first foray of the company into the Mexican remittance business, allowing customers to cash out in more than 37,000 convenience stores and other locations in the country.
Coinbase Allows Mexicans to Cash Out Crypto Remittances in Pesos
Popular cryptocurrency exchange Coinbase announced this week it was making its first foray into remittances in Mexico. While the exchange already allowed....
Bitwage has been making a name for itself through its payroll services. Recipients can choose the currency they want to be paid in, whether that is a local currency or Bitcoin. Mexico is a fascinating country when it comes to the remittance market. There is a lot of money flowing from the US to Mexico on a monthly basis. This has caught the attention of Bitcoin company Bitwage, as they expand their service to Mexico. If it is up to Donald Trump, he will ensure no remittance will be possible between the US and Mexico shortly. While those plans may be vastly overstated, Bitcoin companies are....
New weekly trading volume charts on LocalBitcoins show Mexico has a great appetite for cryptocurrency. The Mexican banking sector is going into some contingency mode right now. If Donald Trump were to win the presidential elections, the banking system in the country would come under a lot of pressure. Financial regulators have ordered all institutions to conduct stress tests modeled after a Trump victory. At the same time, Bitcoin adoption in the country continues its upward trend. Ever since Donald Trump mentioned his plan to block remittances from the US to Mexico if he became president,....