The Wall between US and Mexico May Work out Well for Bitcoin
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....
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Last week, President Donald Trump signed an executive order to build a wall along the U.S.–Mexico border as he had promised during his presidential election campaign. Aside from the ethical and practical issues of building the border wall, the issue of how it will be financed was also raised by opponents during his campaign. Trump’s proposed solution to funding the wall is either to heavily tax U.S.–Mexico remittances or to fully prohibit them altogether, so that the funds needed to build the wall will stay in the U.S. According to the World Bank, U.S.–based Mexican immigrants send around....
Bitcoin enthusiasts suggest the use of BitcoinCT r: 8 in settling remittances between the U.S and Mexico after Trump’s proposal to build a wall between the two countries will have been realised. On April 5, Billionaire real estate tycoon and Republican front runner Donald Trump unravelled his plans to compel Mexico pay US$5 to US$10 billion for the border wall between the United States and Mexico which Trump aims to build at the start of his presidency. One major issue which Mexico could face upon the creation of Trump’s border wall is a substantial damage to the country’s economy or gross....
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....
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....
President Donald Trump earlier this week signed an executive order to start building a wall on the U.S – Mexico border, fulfilling the promise he made during his presidential campaign. He has also threatened to halt or tax remittances from the U.S. to Mexico to help pay for the wall; a move which could potentially boost interest in Bitcoin. Trump’s Wall....