Mexican billionaire Salinas says his banking business may embrace bitcoin

MEXICO CITY (Reuters) – Mexican billionaire Ricardo Salinas Pliego mentioned on Sunday his banking enterprise might start utilizing bitcoin, changing into the nation’s first financial institution to start out accepting the cryptocurrency.

Salinas, who’s ranked as Mexico’s third richest man with a household fortune estimated at $15.8 billion by Forbes, is the proprietor of the massive Banco Azteca banking enterprise.

Salinas final 12 months mentioned he had about 10% of his liquid portfolio invested in bitcoin. On Sunday, he mentioned all traders ought to research cryptocurrency and their future.

“Positive, I like to recommend using #Bitcoin, and me and my financial institution are working to be the primary financial institution in Mexico to just accept #Bitcoin,” Salinas mentioned in a tweet.

Bitcoin rallied round 7.5% on Sunday to commerce at round $34,500.