July 25, 2021

Mexican billionaire approves Bitcoin adoption

Mexican billionaire approves Bitcoin adoption

Ricardo Salinas Pliego is a Mexican businessman who is ranked 166th on the list of the richest people planet - wants to introduce bitcoin into the country's banking system.

Banco Azteca, which is operated by one of the Salinas groups, will be the first financial institution to use bitcoin to process payments in the banking sector.

In an interview, the billionaire said he wants to make his bank the first financial institution in Mexico to accept bitcoin.

He added that he considers fiat to be a scam and that every investor should buy bitcoin, not "government-backed money printed on paper."

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According to the materials coingape.com