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Mexican billionaire Salinas says his banking business may embrace bitcoin

Mexican billionaire Salinas says his banking business may embrace bitcoin

Mexican billionaire Salinas says his banking business may embrace bitcoin
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By Reuters Jun 28, 2021 8:55:34 AM IST (Published)

Mexican billionaire Ricardo Salinas Pliego said on Sunday his banking business may begin using bitcoin, becoming the country's first bank to start accepting the cryptocurrency.

Mexican billionaire Ricardo Salinas Pliego said on Sunday his banking business may begin using bitcoin, becoming the country's first bank to start accepting the cryptocurrency.

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Salinas, who is ranked as Mexico's third-richest man with a family fortune estimated at USD 15.8 billion by Forbes, is the owner of the large Banco Azteca banking business.
Salinas last year said he had about 10 percent of his liquid portfolio invested in bitcoin. On Sunday, he said all investors should study cryptocurrency and their future.
"Sure, I recommend the use of #Bitcoin, and me and my bank are working to be the first bank in Mexico to accept #Bitcoin," Salinas said in a tweet.
Bitcoin rallied around 7.5 percent on Sunday to trade at around USD 34,500.
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