Mexico’s Bitcoin Community Helps Bitwala Find Way in New Country

BitsPlan

Violence has returned to headlines in Mexico in 2016. But, positive news abounds for a country rich in resources and hardworking people.

It seems many among the Mexican people, as well, are curious about Bitcoin – and eager to help. As CEO of Bitwala, a blockchain bank and exchange, Jörg von Minckwitz has never seen such big interest in a new currency the startup added to its platform. Minckwitz believes Mexico is an interesting market in two ways.

“There are a lot of unbanked people in Mexico, so naturally an interesting Bitcoin market,” he told CCN. “Also, there are a lot of cross border payments to Mexico and they are still overcharged heavily.”

BitWala wants to bring the fees down.

Some people want to build walls in Mexico, we want to tear them down – at least financial walls.

There is a formidable Bitcoin base in the country. The nation’s bitcoin enthusiast Facebook group has more than 5,000 members. But Brasil’s has more than 22,000 members. This is not a perfect gauge, to be sure, considering the groups are international in nature. One need not live in country to join.

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bitcoinmexicointerestRead more ... source: TheBitcoinNews

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