The First Bank In Mexico Is About to Start Accepting Bitcoin

[Kiley33]

Ricardo Salinas Pliego, the third richest man in Mexico, said that he hopes his bank will become the first bank in Mexico to accept Bitcoin. We heard that many banks have begun to use cryptocurrencies, especially BTC. The main difference from this case is that Ricardo Salinas Pliego actually believes that BTC is a real gold equivalent, while fiat currency is actually a fraud. He said that the most significant feature of BTC is that it has a total supply, which cannot be said for any legal currency.
What do you think? Is there a real difference? Will it be a successful project?

[kiki8899]

Yes it’s very good news for Bitcoin these little victories build into big victories HODL.

[crwth]

They are probably just considering BTC as one of the currencies to be used. It's just that they just "now" realized its actual value, knowing that many countries are just printing money out of thin air and not thinking about the economic impacts that it could cause. With BTC, it's the objective standard that nobody can control anymore to affect everyone. It's just the influencers that could manipulate the price are the ones to look out for, but it's okay if you believe in the coin.

I'm rooting for it to be implemented with their system to be even more good news with BTC, and that could be the catalyst towards the price rise.

[Poker Player]

The news is good, as is all news of this style. Although in my case I would not deposit Bitcoin in a bank, you know, not your keys...

I wonder if banks accepting Bitcoin deposits are going to give any advantage, interest or anything. Banks that allow you to leave gold in a safe deposit box charge you for it but in return they give you more security than if you keep it at home. As for depositing Bitcoin, I don't see any advantage.

[KaliLinux]

The news is good, as is all news of this style. Although in my case I would not deposit Bitcoin in a bank, you know, not your keys...

I wonder if banks accepting Bitcoin deposits are going to give any advantage, interest or anything. Banks that allow you to leave gold in a safe deposit box charge you for it but in return they give you more security than if you keep it at home. As for depositing Bitcoin, I don't see any advantage.

Just the question I'd wanted to ask. When he said, “Accepting Bitcoin” I wouldn't suppose he meant depositing Bitcoin because that's a no no. I want to believe he ment that the bank will start accepting Bitcoin transactions through the bank's like we know some government around the world did ban all Banking transactions the has to do with cryptocurrencies so this might be that such kind of transactions are now going to be accepted by the Bank plus maybe the bank wants to get into Bitcoin investment as one of their assets too.

[yazher]

Ricardo Salinas Pliego, the third richest man in Mexico, said that he hopes his bank will become the first bank in Mexico to accept Bitcoin. We heard that many banks have begun to use cryptocurrencies, especially BTC. The main difference from this case is that Ricardo Salinas Pliego actually believes that BTC is a real gold equivalent, while fiat currency is actually a fraud. He said that the most significant feature of BTC is that it has a total supply, which cannot be said for any legal currency.
What do you think? Is there a real difference? Will it be a successful project?

If he has that kind of perspective, then he can try to pursue it even though he starting this kind of this alone without any other bank in Mexico will follow him. of course, it will gonna be a tough thing to do especially for those people who don't really know much more about cryptocurrency. When he wants to do this, he also needs to save some budget to educate the people about it since no one will care unless they know the value of it.

[Obito]

I hope that they will give the people the freedom to have the keys for their own wallets when they try to invest or buy bitcoin in their bank kind of like a safekeeper because I think that's what's missing from other banks who do this I am happy for the announcement but if this is a not your keys, not your coins thing, I don't think I will be that amused.

[NeuroticFish]

After the statement that they are eyeing Bitcoin/crypto, Mexico's central bank was quick to counter, telling "The country's financial institutions are not authorized to carry out and offer to the public operations with virtual assets such as Bitcoin" and that those who do will face "applicable sanctions."

All this is a war of words and it's not yet easy to predict what's going to happen next. For now, the central bank seems to have got a small victory, at least by slowing down the adoption there.




Full story: https://www.btctimes.com/news/Mexico-central-bank-blocks-ricardo-salinas-bitcoin-plans

[ali1177]

That's a great news for bitcoin as we all know that most of the countries are against of bitcoin because it's threat to their system but there are some people who are in support of bitcoin which is very good for the future of bitcoin.

[Renampun]

Ricardo Salinas Pliego, the third richest man in Mexico, said that he hopes his bank will become the first bank in Mexico to accept Bitcoin. We heard that many banks have begun to use cryptocurrencies, especially BTC. The main difference from this case is that Ricardo Salinas Pliego actually believes that BTC is a real gold equivalent, while fiat currency is actually a fraud. He said that the most significant feature of BTC is that it has a total supply, which cannot be said for any legal currency.
What do you think? Is there a real difference? Will it be a successful project?

I saw this news also on Twitter and it's really shocking...

as a businessman engaged in banking, he will really change the way of thinking about Bitcoin in Mexico. people will feel safe with Bitcoin and will surely create mass adoption there.

[patientforzhou]

I sounds great on paper but you gotta have context about the people involved in this case
RSP is looking for ways to give the middle finger to AMLO, Mexico's current president, and find ways to offshore his taxes plus money laundering. Last year he got under huge pressure to pay an outstanding debt to the Mexican Treasury, and hes the kind of guy who's really to hold a grudge.

[masterrex]

Ricardo Salinas Pliego, the third richest man in Mexico, said that he hopes his bank will become the first bank in Mexico to accept Bitcoin. We heard that many banks have begun to use cryptocurrencies, especially BTC. The main difference from this case is that Ricardo Salinas Pliego actually believes that BTC is a real gold equivalent, while fiat currency is actually a fraud. He said that the most significant feature of BTC is that it has a total supply, which cannot be said for any legal currency.
What do you think? Is there a real difference? Will it be a successful project?

Wow that's good and I believe it is another score for the crypto industry if it's true, and it will be better if you include the link to the official statement of Ricardo Salinas Pliego because base on your OP it is not clear" he hopes his bank will become the first bank in Mexico to accept Bitcoin" if he owns the Bank why he is only hoping if he can do it easily? what does he mean? Is Ricardo Salinas Pliego is just pointing out the Mexican regulatory requirements as an obstacle? or he was not sure about what he said. just asking?

[Nunoluck]

I hope that will be succesfull. I can't 100% trust bank since it is controlled by government and in my opinion government is a part of players in a big world game. Anyway this is really a good news, I think everything that ease people to use cryptocurrency will boost the adoption of cryptocurrency among people around the world which means it will increase bitcoin demand so the price will rise.

[clint25n]

acceptance of bitcoin by several countries with storage in the form of banks, they will pay according to the money we save in several examples of banks, how about an interest system and how do they pay interest to a customer who keeps his assets in the bank. this will be in accordance with their respective procedures and provisions.if it really happened in accordance with applicable regulations.maybe this is the right step for us to save or deposit it to the bank

[GeorgeJohn]

If such really happen in Mexico that means those countries who are criticising cryptocurrency is at wrong track, even from my perspective a country that endorse or accept cryptocurrency really wants to build up their economy standard from another form, because cryptocurrency will enhance to their development and also attract investors that collaborate with cryptocurrency, from my own understanding accepting bitcoin in particular will make their transactions so easy and lesser.

[goldade]

Ricardo Salinas Pliego, the third richest man in Mexico, said that he hopes his bank will become the first bank in Mexico to accept Bitcoin. We heard that many banks have begun to use cryptocurrencies, especially BTC. The main difference from this case is that Ricardo Salinas Pliego actually believes that BTC is a real gold equivalent, while fiat currency is actually a fraud. He said that the most significant feature of BTC is that it has a total supply, which cannot be said for any legal currency.
What do you think? Is there a real difference? Will it be a successful project?

I believe it will be a successful project. Bitcoin will be an alternate option for fita in the bank and people can transact bitcoins with the bank.
If one would ask, I'd say this move to accept Bitcoin by the bank would in tremendous way increase the adoption of bitcoin in the mainstream world.
Quite a lot of people would become interested in owning bitcoin just like they did with bank shares. Trust me, this will ultimately help increase the price of bitcoin also.

[snipie]

After the statement that they are eyeing Bitcoin/crypto, Mexico's central bank was quick to counter, telling "The country's financial institutions are not authorized to carry out and offer to the public operations with virtual assets such as Bitcoin" and that those who do will face "applicable sanctions."

All this is a war of words and it's not yet easy to predict what's going to happen next. For now, the central bank seems to have got a small victory, at least by slowing down the adoption there.

https://i.imgur.com/QbTC4kj.png
Full story: https://www.btctimes.com/news/Mexico-central-bank-blocks-ricardo-salinas-bitcoin-plans

It all depends on politicians changing the actual law if it counters cryptocurrencies adoption. I would say that once a businessman is interested in something, all closed doors should be opened

[NeuroticFish]

It all depends on politicians changing the actual law if it counters cryptocurrencies adoption. I would say that once a businessman is interested in something, all closed doors should be opened

That's correct. Just it takes time and money. That's why I said "slowing down" and not "stopping" 

[Shenzou]

Ricardo Salinas Pliego, the third richest man in Mexico, said that he hopes his bank will become the first bank in Mexico to accept Bitcoin. We heard that many banks have begun to use cryptocurrencies, especially BTC. The main difference from this case is that Ricardo Salinas Pliego actually believes that BTC is a real gold equivalent, while fiat currency is actually a fraud. He said that the most significant feature of BTC is that it has a total supply, which cannot be said for any legal currency.
What do you think? Is there a real difference? Will it be a successful project?

I honestly think that this is a stupid idea, so the main reason why bitcoin was created and the purpose that it was made for was to eliminate the need for any intermediate between beneficiary of the transactions, and banks are the main thing that bitcoin removes, so going back full circle and using banks to deposit bitcoin seems kind useless and contradictory, besides don't you want your id being hidden from governments when you use bitcoin why would you give that info to the bank.

[The Cryptovator]

Although it's quite surprising banks decide to accept Bitcoin, but I have to say they realize the value of Bitcoin. But nothing there to overexcited, because the bank is a centralized organization. If all banks start accepting Bitcoin then Bitcoin will look like a centralized cryptocurrency Although functionally decentralized forever. But still, I will take it positively. I never agree to compare Bitcoin with gold, both are different things like as you said Bitcoin has a limited supply. I do not agree as well to call fiat fraud. If I am not wrong we still need it for at least a few more years. There is nothing success or failure, either bank accepts or not, Bitcoin is Bitcoin.