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General Market News

Third Richest Man in Mexico Pledges to Make His Bank First Bitcoin-Friendly Bank in Mexico

VictorBy VictorJune 29, 20212 Mins Read
RicardoSalinasPliego
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Mexico’s billionaire, Ricardo Salinas Pliego, the third richest man in the country, has always supported the leading cryptocurrency, Bitcoin. He further cemented his support for Bitcoin with a tweet on June 27 pledging that his bank is developing means to fully accept Bitcoin as a legal means of payment. This is the first in Mexico and will undoubtedly help the growth of cryptocurrency in the region.

#Bitcoin es una buena forma de diversificar tu portafolio de inversión y creo que cualquier inversionista debería ponerse a estudiar sobre las cryptomonedas y su futuro.

En @BancoAzteca estamos trabajando para traerlas a nuestros clientes y seguir promoviendo la libertad 😌😎 pic.twitter.com/bZ51FB2vKw

— Ricardo Salinas Pliego (@RicardoBSalinas) June 27, 2021

They have developed similar banking systems in other countries such as United States, United Kingdom, Germany, Estonia, Czech Republic, and Canada. Having more crypto-friendly banks will increase the ease of transactions and serve as a middle-ground solution between the traditional banking system and about-to-be-adopted cryptocurrency. It also solves the needless fear that banks might go into extinction if cryptocurrencies were to be fully adopted.

Salinas is the owner of the giant Banco Azteca banking company and currently listed as Mexico’s third wealthiest man by Forbes, with a family fortune valued at $15.8 billion. Last year, Salinas stated that Bitcoin accounted for approximately 10% of his liquid assets. Salinas is also the CEO and owner of Grupo Salinas, a Mexican corporation that includes TV Azteca, Grupo Elektra, football club Mazatlan F.C., and Banco Azteca, a significant local bank.

That’s totally right, #Bitcoin is the new gold, but too much more portable, transport #Bitcoin is so much easier than having your in pockets gold bars 🤪… and i know that I’m going to be attacked by gold lovers 😜😌 https://t.co/aMMxd6OwFg

— Ricardo Salinas Pliego (@RicardoBSalinas) June 27, 2021

The billionaire has expressed his profound admiration for Bitcoin on multiple occasions and has now taken a step forward to aid its growth and adoption in Mexico with the new project. He also encouraged his Twitter audience of over 906k followers to invest more in Bitcoin.

El secreto de invertir en #Bitcoin es comprar ahora y no vender.

Solo vende con un propósito específico o por necesidad… y si inviertes bien, lo segundo no pasará 😎.

Diversificar tus inversiones es necesario e inteligente 😌.

— Ricardo Salinas Pliego (@RicardoBSalinas) June 28, 2021

Shortly after his tweet on Sunday, Bitcoin experienced a 4.3% surge within 24 hours. Could this extend the bullish run in the Bitcoin market? Maybe; it is too early to make any assumptions; however, projects and support from more prominent people worldwide will certainly determine the adoption of Bitcoin in the future.

Banco Azteca Bank bitcoin Grupo Salinas Ricardo Salinas Pliego

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