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Mexican Bank Banco Azteca Plans To Support Bitcoin

Anna Martynova

Ricardo Salinas, one of the richest men in Mexico, is optimistic about bitcoin. He is now working to make his bank, Banco Azteca, the first bank in Mexico to accept bitcoins. Ricardo Salinas' plans became known from comments on Twitter.

"It is an asset that has international value, that is traded with an enormous liquidity on a global level, and that is enough reason to be part of every portfolio, period".

Bitcoin is a vital asset for a growing number of corporate investors, in part because of its final supply of 21 mln. This coded feature, Salinas says, makes bitcoin a better place than fiat currencies. At the moment, Salinas did not disclose details of Banco Azteca's approach to providing services related to bitcoin, but the billionaire investor noted that more information will be disclosed in the near future.

Currently, there is a gradual transition in the world, with banks starting to offer their clients direct services related to cryptocurrencies. Spanish bank BBVA has posted a cryptocurrency-related offering to its Swiss clients, and US banking giants JPMorgan, Morgan Stanley and Goldman Sachs are also creating opportunities for their clients to invest in bitcoins.

Image: Sin Embargo

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