Banco Azteca will handle bitcoin transactions

by in Cryptocurrency News

Banco Azteca

Billionaire Ricardo Salinas Pliego represents the bitcoin camp. It ranks 166th in the world in terms of its capital.

Late last week, the financier announced that his bank would be the first in Mexico to handle cryptocurrency. Banco Azteca will handle bitcoin transactions, Pliego said.

MicroStrategy CEO Michael Sailor and Morgan Creek co-founder Anthony Pompliano backed the banker's initiative. Relevant posts with a fragment of Pliego's speech were posted by both bitcoin supporters.

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Pompliano noted that the Mexican billionaire was one of the first in the business elite to begin to realize the gigantic potential of BTC. The world will soon face hyperinflation, in this situation decision to support bitcoin transactions was correct.

Fiat money is depreciating. In parallel, there has been an increase in interest in alternative instruments, primarily BTC added the co-founder of Morgan Creek.

Salinas Pliego is the chairman of the Grupo Salinas group of companies, representing sectors such as financial services, telecommunications, and media. According to Forbes, the banker's fortune reaches $ 15.8 billion.