https://www.reuters.com/business/finance/mexican-billionaire-salinas-says-his-banking-business-may-embrace-bitcoin-2021-06-28/

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June 28, 202112:33 AM UTCLast Updated ago

Finance

Mexican billionaire Salinas says his banking business may embrace
bitcoin

Reuters

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1 minute read
A representation of the virtual cryptocurrency Bitcoin is seen in
this picture illustration taken June 14, 2021. REUTERS/Edgar Su/
Illustration

A representation of the virtual cryptocurrency Bitcoin is seen in
this picture illustration taken June 14, 2021. REUTERS/Edgar Su/
Illustration

MEXICO CITY, June 27 (Reuters) - Mexican billionaire Ricardo Salinas
Pliego said on Sunday his banking business may begin using bitcoin,
becoming the country's first bank to start accepting the
cryptocurrency.

Salinas, who is ranked as Mexico's third richest man with a family
fortune estimated at $15.8 billion by Forbes, is the owner of the
large Banco Azteca banking business.

Salinas last year said he had about 10% of his liquid portfolio
invested in bitcoin. On Sunday, he said all investors should study
cryptocurrency and their future.

"Sure, I recommend the use of #Bitcoin, and me and my bank are
working to be the first bank in Mexico to accept #Bitcoin," Salinas
said in a tweet.

Bitcoin rallied around 7.5% on Sunday to trade at around $34,500.

Reporting by Diego Ore; Writing by Drazen Jorgic Editing by Sonya
Hepinstall

Our Standards: The Thomson Reuters Trust Principles.

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