Mexican University Coffee Shop Now Accepting Bitcoin Payments

Bitcoin payments can now be made in Café Punta del Cielo located in the campus of Mexico’s Universidad de las Américas Puebla (UDLAP). Roughly 8,000 students are enrolled in the university, allowing bitcoin payments to gain traction to a young population.

The Mexican university is the first in its region to accept bitcoin, enabling it to join the likes of Canada’s Simon Fraser University (SFU), Spain’s Pompeu Fabra University and MIT in the United States.

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Bitcoin Payments in Mexico

While there are several online merchants in Mexico that are already accepting bitcoin payments, having a brick-and-mortar shop allow cryptocurrency transactions still marks a significant step. This could pave the way for setting up bitcoin ATMs and more POS terminals for bitcoin credit or debit cards later on.

The coffee shop’s bitcoin payments was made possible in partnership with Latin American-focused bitcoin exchange provider Bitso, which recently raised an undisclosed seed round led by Digital Currency Group and launched a payment processing service, BitsoPagos.

“We expect this successful BitsoPagos integration to create the traction for more Punta del Cielo and many other merchants to adopt Bitcoin,” cited Jose Rodriguez, VP

Read more ... source: TheBitcoinNews