Tag: Mexico

Bitso Notes All-time High Liquidity in its XRP/MXN Payment Corridor

When it comes to Ripple and XRP, the main area of focus is the financial sector, rather than cryptocurrency. In recent weeks, it appears that the XRP/MXN liquidity through Bitso has reached a new all-time high. The XRP asset was never designed to rival Bitcoin or other crypto assets. XRP is Doing Wonders for Bitso Users Instead, it is utilized to bring liquidity to financial markets and payment corridors. So …
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Mexico’s FinTech Law Regulating Bitcoin Awaits Senate Approval

Mexico may become the next major frontier for cryptocurrency. Like most other countries around the world, the Mexican government is looking to regulate Bitcoin. So far, that process has proven to be far more complicated than assumed. However, a new framework will need to be put in place, especially for companies storing and transmitting cryptocurrencies on behalf of their clients. Mexico Ponders the Fintech Law In a way, it is anything but surprising …
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Cryptocurrency Platform Bitlem Opens a Physical Trading Location in Mexico

We have seen physical Bitcoin exchanges pop up in a few countries already. Although some companies mainly use physical locations for consultation services, things are a bit different with Mexico’s Bitlem exchange. The company actually allows customers to buy and sell Bitcoin and Ethereum at a physical location in the heart of Mexico City. It’s an interesting concept, especially in a country where financial hardship has become the new normal. Bitlem Embarks on …
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Mexico’s Primary Source of Cash on the Brink of Drying Up

One of the most often heard statements in recent weeks is how President Trump will continue his plans to build a wall between the US and Mexico. It appears these plans are being accelerated as we speak, as a new executive order has been issued on Wednesday. This specific order would oversee the construction of this wall between both countries, and force Mexico to pay for it. Moreover, Trump vowed …
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