2 / 2 Relevant items tagged with #Mexico

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Bitcoin adoption in Mexico boosted by Lightning partnership with retail giant

[Jun 21, 2023 7:35 AM] “Imagine if Best Buy, Bank of America, Fox News and an NFL team were all owned by the same individual. All of them will have lightning capabilities in the future,” Jose Lemus, CEO of Ibex Mercado, told Cointelegraph.

Bangladesh Eyes BRICS Invite as Rumors Swirl of Formal Request

[Jun 19, 2023 11:30 PM] In mid-May, several reports indicated that Bangladesh and India were engaging in currency trading using their respective currencies in order to address U.S. dollar liquidity challenges. Recent sources now reveal that Bangladesh is welcoming a…

Strike Expands Lightning-Powered Cross-Border Payments to Mexico

[Jun 14, 2023 8:00 AM] The company says Mexico is the largest market for remittances from the U.S.

Strike Launches Instant, Cheap Remittances To Mexico Using Bitcoin Lightning

[Jun 14, 2023 8:00 AM] Strike, the global money app, has announced the expansion of its payment service, "Send Globally," to Mexico, the largest market for cross-border payments from the United States. This move comes as cross-border payments from the U.S. to Mexico…

Report: Emerging Market Investors Dumping Dollar-Denominated Debt and Seeking Local Currency Bonds Instead

[May 23, 2023 10:30 PM] Emerging markets investors are being attracted by local currency-denominated bond instruments while leaving dollar-denominated debt, according to data provided by EPFR Global, a fund flow and allocation data insights company. These markets have…

IBEX Mercado Announces Partnership With Grupo Salinas Bringing Lightning Access To Millions Of Mexican Citizens

[May 18, 2023 3:42 PM] IBEX Mercado, a bitcoin Lightning payment service provider, has announced a new partnership with Grupo Salinas, one of the largest corporate conglomerates in Mexico.“Over four million Mexicans can now pay with bitcoin for their cable, internet, and…

Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar

[Apr 8, 2023 2:30 AM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches…

Latam Countries Prepare Regional Agreement to Counter Rampant Inflation

[Mar 4, 2023 5:30 AM] A group of countries in Latam is preparing a regional agreement to address inflation, a problem common to most nations in the region. The initiative, which is being spearheaded by Mexican president Andres Lopez Obrador, would allow the exchange of…

Brazilian Fintech Company Capitual Partners With Azimut to Offer Crypto Services in European Markets

[Feb 6, 2023 6:30 AM] Capitual, a Brazilian fintech company that offers cryptocurrency intermediation services, has partnered with Azimut, an asset management firm, to expand its service offer to Europe. The deal, which contemplates an investment of €15 million (about…

Mexico’s digital peso delayed, unclear launch date

[Jan 8, 2023 3:02 PM] Mexico’s central bank is working on legal, administrative and technological requirements for the peso’s digital version.

Mexican CBDC Unlikely to Be Ready by 2024

[Jan 8, 2023 5:30 AM] The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the…

Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report

[Nov 26, 2022 5:30 AM] Latam is still unprepared to deal with cryptocurrency-related crimes and scam situations, according to a recent report issued by Global Financial Integrity (GFI), a Washington DC-based think tank. The document states that crypto regulation has…