Bitcoin: connecting people. Already adopted by El Salvador as legal tender, the Bitcoin (BTC) continues to gain ground in South America. The various announcements made at the Bitcoin 2023 conference held in Miami are an example of this. Two Mexican retail giants also took advantage of the event to announce their collaboration to enable millions of people to pay their internet bills with the Lightning Network.
Bitcoin: the opportunity for a major partnership
So we have on one side, José Lemus, CEO ofIbex Mercadoa Bitcoin network infrastructure provider offering Lightning Network solutions for enterprises.
On the other side we have Grupo Salinas, a company that owns many businesses across Mexico. It should be noted at the margin, but with attention, that its founder, Ricardo Salinas Pliego, is a fervent supporter of Bitcoin.
The two entities have announced that they are joining forces to democratize Bitcoin and the Lightning Network in Mexico. In detail, Grupo Salinas will integrate into its group companies the payments in BTC via the Lightning Network. A powerful entity in Mexico, it cannot be ruled out that the group – which also owns football teams – is developing the BTC payment network on all its subsidiaries.
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Bitcoin: a future prospect in Mexico?
Jose Lemus points out that thebitcoin adoption can improve the lives of the unbanked and underserved. A reality already underlined by several South American companies which suffer from their proximity to the American dollar.
This financial inclusion allowed by Bitcoin and cryptocurrencies, going well beyond simple banking, allows different companies to offer financial solutions that are not dependent on inflation.
For its part, Ibex is no longer to be convinced in terms of the adoption of cryptocurrencies. Originally from Guatemala, the company already provides infrastructure to Chivo, the wallet of El Salvador.
The partnership is still young and the two companies announce 18 months of work before it materializes. However, it confirms thegrowing interest of Bitcoin and cryptocurrencies in the emerging countries. An interest that certain States on the other side of the world have understood. Moreover, in the construction of the road that leads to the adoption of cryptocurrencies, we counted 50% of the world’s crypto users in India.
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