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Elektra is one of the most important chain stores in Mexico and this is due to the trajectory and expansion with which it has been consolidated.
The value of cryptocurrencies has been increasing in Latin America with a significant number of countries increasing their use.
Following Salinas’ sayings about the adoption of cryptocurrencies in Mexico, the Bank of Mexico has asked for caution about promoting their use.
Elektra It has become one of the most important chain stores in the country and is about to take a new step in its operations by integrating Bitcoin into its operations, as the businessman Ricardo Salinas has warned in a tweet.
One of the latest projections that talk about the transactions in Bitcoin that are operated in the world is that the cryptocurrency reaches up to 181 thousand 221 operations worldwide, only during last August 15, this according to an estimate from Coin Metrics, that warns us of the value in the market and where it is established how important it will be for Mexico to have retail platforms, with operations based on cryptocurrencies.
Changes to come at Elektra
The adoption of Bitcoin would be close to happening in Elektra stores, at least that is how the owner of the chain of stores Ricardo Salinas, one of the biggest promoters of this currency in Mexico, has advanced.
Salinas assured in a tweet that very soon he will integrate into his chain (the same one that takes advantage of Banco Azteca’s premises to operate) the use of Bitcoin coins through the Lightning Network, which is a network designed to carry out micropayments.
The announcement was made taking advantage of promoting a post by Alex Gladstein, who is one of the biggest promoters of cryptocurrencies in the world, after he published a video of how he makes payments in establishments such as a cafeteria where he paid thanks to his Muun Wallet and even promoted a tip payment platform to the woman who served him through strike.me.
Salinas’ tweet, in which he anticipates that he will incorporate payments in Bitcoin through his Elektra stores, joins others that have even motivated statements by the Bank of Mexico, when he assured that he would incorporate operations in cryptocurrencies within Banco Azteca.
Very soon we will have this in our Elektra store network.🚀 #Bitcoin #LightningNetwork https://t.co/Y4n7pAsBS0
– Ricardo Salinas Pliego (@RicardoBSalinas) September 5, 2021
The institution recalled at the time, that they have “been very clear in their regulation, in talking about a healthy distance between crypto assets and the financial system. Financial institutions are not allowed, for example, to finance leveraged positions in crypto assets, receive them as collateral, or even offer a portfolio of these directly, “said the Governor of Banxico, Alejandro Díaz de León,” recently.
Cryptocurrencies in Mexico
One of the latest regulatory measures against cryptocurrencies announced by the federal government is that operations with virtual assets must be reported to the Financial Intelligence Unit (UIF), which depends on the Ministry of Finance and Public Credit, despite the fact that try platforms located abroad.
The measure reinforces the restrictions imposed by the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin and the series of regulations announced is not a minor matter, since only in one year (May 2020 – May 2021) they have been registered 1,479 reports of irregular operations with virtual assets.
Salinas’s idea of adopting cryptocurrency operations in its stores is an important step that would add Mexico to the trend that is taking place in Latin America, where in countries like El Salvador even its own president is a great promoter of its use.
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