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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Mexican crypto exchange, Bitso, will launch an international payments service. The main aim of the new service is to connect the Latin American region with the rest of the world. It will allow companies
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The IPO process would involve offering shares of Banamex to the public, allowing outside investors to purchase those shares and become partial owners of Banamex. American multinational investment banking giant Citigroup Inc (NYSE: C) has revealed its plans to pursue an Initial Public Offering (IPO) for its Mexico business, Banamex. The bank
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The crypto debit card introduced by Bitso will have worldwide utility. Top Latin American crypto exchange, Bitso, in partnership with Mastercard, has announced the launch of its crypto debit card for Mexican customers. The duo first announced their partnership to launch a debit card in August 2022. Bitso’s CEO Daniel Vogel
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The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the development of the currency was still in its initial stages,
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The president of the CNBV between December 2018 and March 2020, Gómez was trained as a biochemical engineer but has spent his career in the financial sector. After leaving the Mexican Securities Commission, he joined the Cabinet for Economic Growth, created in 2020 by Mexican President Andrés Manuel López Obrador. Source
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While the companies will operate independently, there is hope for cross-selling opportunities. Source
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One of the key features of cryptocurrency is the ease of cross-border payment. Tether seems to have taken this concept a step further in order to explore the multibillion-dollar remittance market in Latin America by creating a Mexican Peso-pegged stablecoin. Tether announced on Thursday that it has added Mexico to its
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Tether isn’t the first to notice the Mexican remittance phenomenon, which previously caught the attention of large crypto players like Coinbase, Bitso, and Circle. Earlier this year, Coinbase (COIN) launched a cash-out service to convert local pesos to crypto at more than 37,000 physical retail outlets and convenience stores across
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Bitso, a Mexico-based cryptocurrency exchange, is expanding its range of crypto investing options. The company has announced it will now allow customers to earn funds just by holding bitcoin or stablecoins in its wallet. The program, called Bitso+, will offer different yields based on the quantities deposited by users, and
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Last November, Bitso also partnered with Circle, a peer-to-peer payments company, to launch a new international wire transfer product called Bitso Shift. It’s designed for small businesses and freelancers, allowing them to change their dollars into stablecoins, send them to Mexico, and be collected in Mexican pesos. The service charges
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