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Ricardo Salinas Pliego

Ron Paul Insists US Economy’s ‘Collapse Will Come,’ Former Congressman Says Liquidation Is ‘Absolutely Necessary’

Ron Paul Insists US Economy’s ‘Collapse Will Come,’ Former Congressman Says Liquidation Is ‘Absolutely Necessary’Just recently the American author, economist, and retired politician Ron Paul discussed the rising tensions between China and Taiwan during an interview and he talked about the U.S. economy as well. Paul insists that the U.S. economy’s “collapse will come,” and he further stressed that “debt has to be liquidated.” ‘End the Fed’ Evangelist Ron […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Mexico’s Third Richest Billionaire Warns of Severe Dollar Inflation — Says Buy Bitcoin to ‘Save Your Skin’

Mexico’s Third Richest Billionaire Warns of Severe Dollar Inflation — Says Buy Bitcoin to ‘Save Your Skin’The third-richest billionaire in Mexico, Ricardo Salinas Pliego, has shared his experience of living through hyperinflation. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s. Mexican Billionaire Warns About Inflation Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some advice Thursday regarding […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Mexico’s Third Richest Billionaire Says Buy Bitcoin, Forget About Selling, You’ll Thank Me Later

Mexico’s Third Richest Billionaire Says Buy Bitcoin, Forget About Selling, You’ll Thank Me LaterThe third-richest billionaire in Mexico, Ricardo Salinas Pliego, advises to buy bitcoin, keep buying while the price is still low, and hold the crypto without thinking of selling. “Trust me, you’re going to thank me later,” he affirmed. Billionaire Ricardo Salinas Pliego’s Bitcoin Advice Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some advice Saturday about […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Central Bank Digital Currency To Launch in This Populous Latin American Country

The government of Mexico says that it’s planning on releasing a central bank digital currency (CBDC) by 2024. A new post from the Central American nation’s official Twitter account cites the importance of emerging financial technologies in facilitating access to banking for its population. The Gobierno de Mexico says, “The Banxico [Central Bank of Mexico] […]

The post Central Bank Digital Currency To Launch in This Populous Latin American Country appeared first on The Daily Hodl.

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Leading Mexican Retailer Grupo Elektra Accepts Bitcoin

Leading Mexican Retailer Grupo Elektra Accepts BitcoinMexico’s Grupo Elektra, a leading retailer in Latin America, is accepting bitcoin for payments. The chain belongs to conglomerate Grupo Salinas, which is owned by Mexico’s third-richest billionaire, the pro-bitcoin Ricardo Salinas Pliego. Ricardo Salinas Pliego’s Retail Chain, Grupo Elektra, Now Accepts Bitcoin Elektra is a supermarket and banking chain belonging to conglomerate Grupo Salinas, […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Mexico’s Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country

Mexico’s Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World CountryMexico’s third-richest billionaire, Ricardo Salinas Pliego, has advised investors to “buy bitcoin right now.” He explained that the U.S. is “looking more and more like any other irresponsible third world country.” Ricardo Salinas Pliego on US Economy and Bitcoin Mexican billionaire Ricardo Salinas Pliego commented on the U.S. economy and bitcoin Wednesday. He is the […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Billionaire vows to spearhead Mexico’s first Bitcoin-friendly bank

Ricardo Salinas Pliego wants his bank to be the first in Mexico to accept BTC.

The third richest man in Mexico, Ricardo Salinas Pliego, has doubled down on his support for Bitcoin, revealing plans to open the first BTC accepting bank in the country.

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

The comments follow a massive endorsement for Bitcoin by Salinas, who stated that it was “absolutely right” to think of Bitcoin as the new gold.

Salinas is the founder and chairman of Grupo Salinas, a Mexican corporate conglomerate spanning television and radio network TV Azteca, consumer electronics retailer Grupo Elektra, football club Mazatlan F.C., and major local bank, Banco Azteca.

Banco Azteca, which had annual revenue of $2.54 billion in 2020, operates in Mexico, Panama, Guatemala, Honduras, and Peru. The company, which began operating the bank in 2002, offers consumer credit for goods, personal and small business loans, credit cards, mortgages, and payroll systems.

According to the Bloomberg Billionaires Index, Salinas’ fortune has risen by $2.8 billion this year to tag $15.8 billion.

The news outlet added that Salinas said he invested 10% of his liquid portfolio into Bitcoin last year. He has professed his veneration for the asset on multiple occasions, including in an interview with Cointelegraph at the beginning of 2021.

Related: Mexico’s second richest man says Bitcoin is his 'best investment ever

In September 2020, San Francisco-based crypto exchange Kraken became the first cryptocurrency business to receive a charter to operate as a bank in the United States after receiving licensing from the crypto-friendly state of Wyoming. In October of the same year, the Wyoming State Banking Board voted to grant financial institution Avanti a bank charter for crypto-related services.

Late last year, the Office of the Comptroller of the Currency introduced a charter allowing fintech firms to offer lending products without requiring oversight from state banking regulators. Crypto custodian, Anchorage, became the first crypto firm to receive licensing under the charter in January 2021.

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

Mexico’s Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC, Says Fiat Money Is a Fraud

Mexico’s Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC, Says Fiat Money Is a FraudRicardo Salinas Pliego, Mexico’s third-richest man and founder of Grupo Salinas, sees bitcoin as an asset with extraordinary properties, describing the cryptocurrency as “gold for the modern world.” He recommends bitcoin, thinks that fiat money is a fraud and the idea of the U.S. dollar being a hard currency is a joke. Mexico’s Third-Richest Man […]

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern