Sunday, April 2, 2023

What can I buy with cryptocurrency in Mexico?

  • There are about 100 establishments and companies in Mexico that accept bitcoin and other cryptocurrencies as a means of payment, including Elektra and Rapi.
  • In the real estate market, more and more people are interested in making transactions with digital currencies. These have already been done in Mexico, Colombia, Venezuela, Argentina and Brazil.
  • Thanks to blockchain technology, the benefits of using cryptocurrencies are greater security and peace of mind when making transactions.
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Bitcoin, the digital currency that has been on the lips of millions of people for a few years now, is gaining popularity around the world. Despite some volatility during 2022, there is no doubt that this is still a reliable way to “save” money and even to purchase goods and services. Like bitcoin, the number of users of cryptocurrencies continues to grow in Mexico.

El Salvador is the only country in the world that has recognized bitcoin as legal circulation currency. However, there are other countries around the planet where you can transact with cryptocurrencies. Brazil, Argentina, Chile and Mexico are the major countries in Latin America.

However, the question everyone is asking is about the use of cryptocurrencies. In the above lines we talk about “saving” (yes, in quotes), because what users do is the so-called holding. It involves buying at a price and selling it when the price rises. Others, for their part, have started using their digital currencies for everyday purchases.

shopping with cryptocurrencies in mexico

For a few years now, the use of cryptocurrencies in Mexico has become more common than previously thought. Between 2019 and 2021, the number of people using digital currencies did not grow much, but businesses accepting digital currencies as a means of payment did.

One of the most talked about was Electra, the first retailer in the country to accept cryptocurrencies as official payment. It is actually a huge chain of stores, with an e-commerce that supplies the entire republic.

Similarly, Rapi, a platform for food ordering and others, allows the purchase of credits with cryptocurrencies within its app. There are about 100 establishments or companies of all sizes in Mexico that already accept cryptocurrencies as payment. Bitcoin is, of course, the most widely accepted.

best? The use of these currencies is decentralized in many regions. These include cinemas, bars, food businesses, travel agencies, clinics, make-up studios, stores selling computers and accessories, office furniture stores, pharmacies and bookstores.

cryptocurrencies in the real estate market

Since it could not be otherwise, the real estate market is not an exception among the uses that can be given to cryptocurrencies in Mexico.

While it is true that the projects are still limited, they are growing every day, and more people are interested in doing these transactions with digital currencies.

Furthermore, since blockchain is one of the main features of cryptocurrencies, it prevents counterfeiting. This is because it has a very advanced cryptography system.

what does this mean? That transaction has a high degree of security. It is not necessary to reveal your identity and operations can be carried out nationally or internationally. Among other benefits, the money and the amount to be transferred are as agreed.

In addition to Mexico, there are other Latin American nations in which, to date, transactions for the purchase and sale of real estate are already being carried out. Colombia, Venezuela and Argentina have been in the lead; However, there is one country that is coming with great force and real estate projects for bitcoin and other cryptocurrency holders: Brazil.

It should be noted that the real estate market, like many companies around the world, is becoming more and more open to using bitcoin or other cryptocurrencies.

In addition to giving more peace of mind when making transactions, this generates more security among those who hold digital currencies. And of course the best is yet to come.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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