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70 percent of Mexicans continue to make cash payments despite the growth of eCommerce.
Thousands of counterfeit bills circulate in Mexico year after year, particularly those of 500 and 50 pesos.
11 percent of Mexicans already have Bitcoins to make their investments and payments.
A user has chosen to show the networks how they gave him a fake 50 peso bill with the image of Juan Gabriel print, causing the laughter of Internet users and exhibiting a strong reality in Mexico.
Currently there are endless payment methods from which the population and businesses can choose to carry out their daily commercial activity, where the era of digitization has come into play to change consumption habits around the world.
According to the Statista study on payments in stores, restaurants and other points of sale, the 70 percent of Mexican respondents made cash payments during 2021while 65 percent have made them through their debit card, 36 percent with their credit card and the remaining 15 percent through their mobile phones.
Digitization has opened the way to endless comforts compared to physical payments, such as greater comfort, less risk of losing bills and even a decrease in the probability of receive payments with fake money.
The presence of counterfeit bills is a constant reality in Mexico that will be difficult to eradicate (for some more than for others). According to information from the Bank of Mexico, the 500, 50 and 20 peso bills are the “favorites” of crime; Also, it was reported that 139,143 fake 500-peso bills were found during 2021while in the case of those of 50 pesos these represented 4 thousand 40 and those of 20 pesos were found “only” 524.
On this occasion, a user on TikTok has shown that they paid him with a fake 50 peso bill with a peculiar characteristicinstead of meeting the characteristic face of Morelos, this had the face of the Mexican artist Juan Gabrielcausing laughter among netizens.
@eduaralanplum They gave me a very rare rare ticket 🥺 #ticket #false ♬ original sound – Alan Vargas
Among the comments reacting to this fake bill from Juan Gabriel we can find “prize or punishment?”, “It is for exclusive use in the Noa Noa”“I’ll buy it for 100”, “the axolotl what?”, “you know what they say: what you see is not judged”, among other types of comments that recall the now deceased singer; however, it shows one of the reasons why digital payments have been on the rise in recent years.
This fact has shown one of the reasons why the digital payments have been in constant growthwhere debit cards, credit cards, gift cards or telephone transfers alone do not seem to suffice, but consumption habits have been gradually adapting to the new demands of consumers, as the arrival of cryptocurrencies, which are increasingly present in our daily lives.
Statista’s study on the adoption of cryptocurrencies in the worldshows that various countries are adapting their offers to this new payment method, where 11 percent of the Mexican population already claims to own and use these digital assets in their daily lives.
This has given entrance to some new “ATMs of the future” reach some Latin American countries, as was well demonstrated by that cashier who has already achieved exchange physical money for bitcoinsthrough some simple steps that could be quite familiar to us.
@lilyanarivera13 BITCOIN ATM MEDELLIN COLOMBIA #cajerobitcoin #bitcoin #Medellin Colombia #medellin #Colombia #Bogota #cryptocurrency #cryptocurrency #cryptocurrencies #moneyonline #cloudmoney #satoshi #ethereum #Profits #businesswoman #investments #investmentscolombia #digitalbusiness #Earn money #369 #111 ♬ Sea and Land – Santa Fe Klan
The new digital payment alternatives are shown as strong options that could dominate commerce in the future.
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