The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region.
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Senator and outspoken crypto proponent Indira Kempis shared her excitement at the development on Twitter, stating that it was "for freedom, inclusion and financial education in Mexico."
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Billionaire and Bitcoin advocate Ricardo Salinas believes that the growth of Bitcoin is inevitable, but its future depends on how fast and cheap transactions can get.
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A Brazilian newspaper, Estadão, reported that Coinbase could complete the acquisition of $2.2 billion 2TM, the company behind Mercado Bitcoin, by April.
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Indira Kempis, a senator representing the Nuevo León state in Mexico, is working on a crypto bill based on El Salvador’s Bitcoin Law.
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Founded in 2014 in Mexico, Bitso is now officially present in Argentina, Brazil, El Salvador and Colombia.
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Blockchain-powered solutions have been on the front line of the battle against the virus, yet their potential has been underutilized.
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New technologies and a next-generation payment infrastructure would help Mexico become more financially inclusive.
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Life advice from Mexico’s third-richest person: “Don’t be jealous, believe in yourself and buy Bitcoin.”
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Bitso is also known as the core crypto service provider for El Salvador’s official Bitcoin wallet, launched in September.
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El Salvador’s Bitcoin adoption agenda continues apace, this time extending to a local airline.
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MDS Mexico will use blockchain technology to verify the authenticity of its rapid coronavirus test results.
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The Bank of Mexico and the National Banking and Securities Commission issued a statement earlier this year warning financial institutions not to deal with digital assets, but the president has not often spoken directly on the subject.
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Governor Díaz de León said Bitcoin resembles “a dimension of precious metals” when compared to the central bank’s fiat money.
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Mexican crypto exchange Bitso was announced as a core partner for El Salvador's state-issued BTC wallet.
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