Leading Mexican Retailer Grupo Elektra Accepts Bitcoin

Leading Mexican Retailer Grupo Elektra Accepts Bitcoin

Mexico’s Grupo Elektra, a leading retailer in Latin America, is accepting bitcoin for payments. The chain belongs to conglomerate Grupo Salinas, which is owned by Mexico’s third-richest billionaire, the pro-bitcoin Ricardo Salinas Pliego. Ricardo Salinas Pliego’s Retail Chain, Grupo Elektra, Now Accepts Bitcoin Elektra is a supermarket and banking chain belonging to conglomerate Grupo Salinas, which is owned by Mexico’s third-richest billionaire, Ricardo Salinas Pliego. Salinas tweeted Thursday: The rumors are true. Elektra is the first (retail) store in Mexico....


Related News

Mexican Retailer Famsa Starts Accepting Bitcoin

Mexican retailer Grupo Famsa, a large household and consumer appliance store has, with a partnership with BitPay, started accepting bitcoin. Grupo Famsa, a retail company with revenues of nearly USD $1 billion in 2014 has now started accepting bitcoin as a mode of payment in its online retail store. Headquartered in Monterrey, Mexico, Grupo Famsa also retails furniture, clothing and other consumer products along with electronics and household appliances. The retail chain currently operates 421 stores across 78 Mexican cities and 37 cities in the United States. The news was shared by....

Billionaire vows to spearhead Mexico’s first Bitcoin-friendly bank

Ricardo Salinas Pliego wants his bank to be the first in Mexico to accept BTC. The third richest man in Mexico, Ricardo Salinas Pliego, has doubled down on his support for Bitcoin, revealing plans to open the first BTC accepting bank in the country.On June 27, the Mexican billionaire tweeted his support for the widespread adoption of BTC, noting that his bank is “working” to become the first in Mexico to accept the world’s leading digital asset.The comments follow a massive endorsement for Bitcoin by Salinas, who stated that it was “absolutely right” to think of Bitcoin as the new....

Billion Dollar Mexican Retail Company Famsa Accepts Bitcoin

Grupo Famsa, one of the largest household appliance-, electronic products- and consumer products-focused retail company in Mexico has begun accepting bitcoin payments with a partnership with BitPay, a leading bitcoin payment processor. Mexican bitcoin exchange Bitso shared the news on its Facebook page :"Now, customers can buy directly in Famsa with bitcoin, Enabled by our friends BitPay". Founded in 1970, Famsa has more than 420 stores across 78 Mexican cities and 37 cities in the United States. The company records around $1.1 billion in annual revenue, and more importantly, Famsa....

Hugo Salinas-Price: "Bitcoiners Will be Crying"

Mexican businessman Hugo Salinas-Price founded Mexico’s Elektra retail chain, which has more than a billion in revenue annually. Obviously, Elektra, whose current head is Hugo’s son Ricardo Salinas Pliego, is one of the largest retailers in Mexico. Salinas-Price is the President of the Asociación Cívica Mexicana Pro-Plata A.C., founded in 1997. He is a big proponent of precious metals; in particular he advocates for the remonetization of silver in Mexico. Salinas Price recently wrote a piece on his thoughts regarding Bitcoin.

Elektra Group President Ricardo Salinas Hints at Inclusion of Lightning Netwo...

Ricardo Salinas, president of Elektra Group, one of the biggest retail franchises in Mexico, hinted at the possibility of integrating payments using Bitcoin’s second layer solution, the Lightning Network. Salinas made the announcement yesterday via Twitter. This would allow residents of the country to pay for appliances in-store, directly with cryptocurrency. Elektra Group Might Accept Cryptocurrency Elektra Group, one of the biggest appliances franchises in Mexico, hinted at the possibility of taking Bitcoin payments in the near future. These payments would be made using....