Mexico Bitcoin Exchanges Ready for Boom as Trump Promises Suppressing Money Transfers
As Donald Trump promises to severely limit across-the-border money transfers if elected, Bitcoin exchanges offer help to millions of illegal aliens in the US. Lives of many Mexicans depend on the outcome of the U.S. presidential election in November. The undocumented immigrants who live in the US are being threatened by Donald Trump's campaign promise to stop money transfers sent south of the border unless Mexico pays up to $10 billion to build a border wall. No money transfers to illegal aliens. If elected, Trump plans to use the Patriot Act to require legal identification for money....
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– he failed to demonstrate his understanding of the Internet and contemporary, borderless commerce. If it’s not remittances, immigrants in the US will figure out a way to send their money home if they want to do so. For now, it’s not going to be Bitcoin. But, if Trump does block remittances, you better believe that sooner than later increasing numbers of remitters will look into this blockchain technology. Knowing crypto-currency enthusiasts, they’ll likely troll Trump with Wallcoin. Or “Wall: The Blockchain Solution That Knows No Walls.” There’s already “Trumpcoin.” Trump wants to use a....
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....
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....
In what could probably be called the surprise of the century, financial services company Western Union says Bitcoin just isn't quite ready for international money transfers - Western Union's big business. A huge surprise, indeed. It all went down at a Western Union conference that took place recently. "We're a long, long way from sending momma in Mexico $240 each month or a Somali family in a refugee camp $200 each month in bitcoin that is held in a wallet for conversion to local fiat currency and spending as needed," said MSB Compliance president Jay Postma. "The infrastructure and market....
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....