Billionaire Ricardo Salinas Pliego promises his bank will be the first in Mexico to accept BTC

The third richest man in Mexico Ricardo Salinas Pliego has doubled its support for Bitcoin and revealed its plans to open the country’s first bank to accept BTC.

On June 27, the Mexican billionaire tweeted his support for the widespread adoption of BTC, noting that sU-Bank is “working” to be the first in Mexico to accept the world’s leading digital asset.

The comments follow the massive support for Bitcoin from Salinas that declared it was “absolutely right” to view Bitcoin as the new gold.

Billionaire Ricardo Salinas Pliego promises his bank will be the first in Mexico to accept BTC
Billionaire Ricardo Salinas Pliego promises his bank will be the first in Mexico to accept BTC

Salinas is the founder and president of Grupo Salinas, a Mexican economic conglomerate to which the television and radio station TV Azteca, the Consumer electronics retailer Grupo Elektra, the football club Mazatlén FC and the major local bank Banco Azteca.

Banco Azteca, with 2020 annual sales of $ 2.54 billion, operates in Mexico, Panama, Guatemala, Honduras and Peru. The company, which started operating the bank in 2002, provides consumer product loans, personal and small loans, credit cards, mortgages, and payroll systems.

According to the Bloomberg Billionaires Index Salina’s net worth rose $ 2.8 billion this year to $ 15.8 billion.

The media added that Salinas said he invested 10% of his liquid portfolio in bitcoin last year. He has shown his respect for the asset several times, including in an interview with Cointelegraph in early 2021.

The crypto exchange will be in September 2020 San Francisco-based Kraken became the first cryptocurrency company to receive a letter to operate as a bank in the United States after receiving a cheap cryptocurrency license from the state of Wyoming. In October of that year, the Wyoming State Banking Board voted to issue a banking charter for services related to cryptocurrencies to the financial institution Avanti.

At the end of last year The Office of the Comptroller of the Currency has introduced a charter that allows fintech companies to offer credit products without the need for oversight from state banking regulators. The cryoconservative Anchorage became the first cryptocurrency company to be licensed under the charter in January 2021.

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