Billionaire Ricardo Salinas Pliego wants his bank to be the first in Mexico to accept BTC. It is about the third richest man in the country who has long expressed his support for Bitcoin.
Billionaire Ricardo Salinas Pliego opens on BTC
On June 27, the Mexican billionaire tweeted his support for the widespread adoption of BTC, noting that his bank “Works” on becoming the first in Mexico to accept a world-leading digital asset.
Salinas is the founder and president of Grupo Salinas, the Mexican corporate conglomerate that includes the TV Azteca television and radio network, as well as Grupo Elektra, Mazatlan FC football club and the main local bank, Banco Azteca.
Banco Azteca, with annual revenues of $ 2.54 billion in 2020, operates in Mexico, Panama, Guatemala, Honduras and Peru. The company, which started in 2002, offers consumer loans for goods, personal and small business loans, credit cards, mortgage loans and payroll systems.
According to the Bloomberg Billionaires Index, Salinas’ fortune has increased by $ 2.8 billion this year, reaching a whopping $ 15.8 billion. The news site added that Salinas admitted it invested 10% of its liquid wallet in Bitcoin last year. He has praised cryptocurrencies many times.
BTC Adoption Development
In September 2020, the San Francisco-based Kraken cryptocurrency exchange became the first cryptocurrency company to be allowed to operate as a bank in the United States after receiving a license from the cryptocurrency-friendly state of Wyoming. In October of the same year, the Wyoming Banking Council voted to grant Avanti a banking card license to cryptocurrency-related services.
In turn, at the end of last year, the Office of Currency Controller introduced a card that allows fintech companies to offer loan products without the need for supervision of state banking regulators. The cryptocurrency trustee Anchorage became the first cryptocurrency company to be licensed under the charter in January 2021.
Ricardo Salinas Pliego supports BTC
It is worth recalling that during interview with the director of Blockchain Land, José RodríguezRicardo Salinas Pliego assured that Bitcoin is as solid an investment as gold. He explained that the debate about its nature is not so relevant to those who know its properties.
– In my opinion, all the advantages that Bitcoin has are enough to become the gold of the modern world … There is no point in discussing whether it is a currency or not – He said. – Bitcoin is an asset of international importance, characterized by enormous liquidity around the world. For this reason, it should be in every portfolio – added.
He also mentioned peso inflation.
– Listen, I started my professional career in 1981. Then the peso rate [meksykańskiego] was 20 to 1 [dolara]. Today, however, we are at the level of 20 thousand. for a dollar. And it is right here in Mexico, but if we look at Venezuela, Argentina or Zimbabwe, the numbers lose all proportion. – He said.