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Mexico will soon have its first-ever Bitcoin bank 

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Richardo Salinas Pliego, Mexico’s third-richest person with $15.8 billion in net worth, has announced that he is planning to establish the country’s first Bitcoin-centric bank.

In his latest tweet, he expressed his strong support for the world’s leading cryptocurrency and added that his bank, the Banco Azteca, is now preparing for the imminent Bitcoin wave in the country.

His Twitter followers immediately agreed and filled his comment section with support, excitement, and other positive messages. They also agreed with Pliego’s vision that Bitcoin would soon become the world’s “new gold”.

Pliego’s profile

The Mexican billionaire is the founder and chairman of Grupo Salinas, a conglomerate that operates TV and radio networks (TV Azteca), football club (Mazatlan F.C), consumer electronics retailer (Grupo Elektrika), and Banco Azteca.

Pliego’s bank operates not just in Mexico, but also in Panama, Peru, Guatemala, and Honduras. It offers services such as mortgages, payroll systems, credit cards, consumer credit goods, including personal and small business loans. Banco Azteca is one of Mexico’s top banks with annual revenue of $2.54 billion.

The U.S., also an advocate of crypto

Pliego may not refer to it directly but with his recent announcement to prime his bank for Bitcoins, it seems that he is following Kraken’s example, which became the first crypto company approved to operate as a bank in the U.S.

On top of that, U.S. authorities, through Wyoming State Banking Board, have allowed Avanti, a financial institution, to offer crypto-related services.

Also, the Office of the Comptroller of the Currency, a bureau under the Department of Treasury, has authorized fintech companies to offer lending services without the need for banking regulator’s oversight.

Image courtesy of Cointelegraph News/YouTube

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Source: https://bitcoinerx.com/bitcoin/mexico-will-soon-have-its-first-ever-bitcoin-bank/

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