Viva Bitcoin! Bitcoin's Popularity Surging In Mexico
Originally appeared on MexResorts
Bitcoin, the new decentralized digital currency making waves throughout finance, has been a hit even in Mexico.
Bitcoin has been adopted by Mexican citizens as a way of improving their life and conditions in one of the fastest growing economies on the planet. Unlike in other Latin American countries, like Argentina, where Bitcoin has been adopted mostly amid collapse of the Argentine Peso, Mexicans have been able to adopt Bitcoin under conditions of relative stability and even growth.
The strength of Bitcoin’s growth in Mexico is made clear by recent developments in the country. For one, The Bitcoin Foundation added its latest affiliate chapter in the country. This moment was validating for the growing Bitcoin ecosystem in Mexico, and will ensure greater awareness of Bitcoin and its benefits among consumers, media outlets and regulators.
“We want to start working with the government and financial institutions to get more knowledge in Mexico and stop the fear surrounding bitcoin. That starts by getting involved so people start getting real information,” Lucia Cangas, marketing and communications director for the Bitcoin Foundation Mexico chapter, said.
The growth of Bitcoin in Mexico has been quick. As Pablo Gonzalez, CEO and director general at Mexico-based bitcoin exchange Bitso, described in 2014: “The Mexican bitcoin community was extremely small and quiet a year ago, especially when you compare it with the likes of Canada and Argentina. Mexico was behind in bitcoin adoption.”
Tomas Alvarez, CEO of Mexico-based bitcoin remittance startup Coincove, illustrates the local ecosystem of today: “Six months ago, there was almost nothing happening in the bitcoin scene, now there are regular meetups taking place in the main cities, bitcoin services popping up on a regular basis and, most importantly, bitcoin is being mentioned in schools and offices.”
A BitcoinATM project in the country has prompted altruistic pursuits in greater Mexico. Bitcoin42 has worked with non-profits in the country. As CEO and founder Alec Hahn explains to MexResorts:
We are working with non-profits deeper south as well. There are coffee farmers for example who get harassed if they strike fair trade deals. So here too we are communicating so they can find safer, More private ways for them to make business, without mafias who are sitting at the bank teller selling customers infos.
According to a recent study by Pew Research Center, “The United States is the most important source of money sent home by migrants to the 17 Latin American nations as a group (including México) that are the focus of this report. U.S. remittances accounted for three-quarters of the total in 2012— US $41 billion out of US $52.9 billion.”
This represents a great untapped market for Bitcoin, as many Bitcoiners consider remittances to be a major problem Bitcoin can solve by offering cheaper and faster value transfers. In 2013, migrants’ remittances into Mexico was a conjectured US $22 billion.
Originally appeared on MexResorts
Justin O’Connell is the Head Researcher at Dollar Vigilante and Chief Executive Officer of GoldSilverBitcoin. He is also the author of the first full-length bitcoin book, Bitcoinomics, and administrator of the Bitcoinomics website. Justin is also a co-host at OVOSS, a lifestyle podcast about music, news, life and other topics. He lives in San Diego, California. His writings mostly deal with gold, silver, bitcoin, technology and culture.
This month’s TDV Newsletter is filled with information. First, Jeff discusses the great paradigm shift currently taking place and his big predictions for how to survive The End Of The Monetary System As We Know It (TEOTMSAWKI), and then Ed Bugos details financial cycles and their human causes, and what this means for your investment portfolio. Then the TDV Team takes you on a journey to Buenos Aires for a report on life there as an expat. For access, as well as new information on Bitcoin, click here.
March 30, 2014
$67 MILLION STOLEN FROM KIM DOTCOM BY US GOVERNMENT STANDARD PROTOCOL
Post by TDV Chief Editor, Jeff Berwick
Kim Dotcom, friend of freedom and innovation, has been entangled in court drama ever since his house was raided in New Zealand. It should be noted that Kim Dotcom is not American, did not operate in the US and did not live in the US… but somehow the US government has deemed that he had broken one of their half-a-billion “laws” and sent in the valiant US military in Blackhawk helicopters to abscond with his property. All of this because he operated an innovative website which allowed people to share information.
April 1, 2015
MAKE LOVE NOT LAWS: THE DANCING MAN TWEET THAT CHANGED THE WORLD
Post by TDV Chief Editor, Jeff Berwick
If you are ever in public and overhear someone saying, “There should be a law”, slowly and without making eye contact move away from that person. What that person has just suggested is that he/she wants to use violence against people for whatever arbitrary non-violent action they don’t like.
Last month, the infamous group of internet nerds, 4Chan, posted the following photo:
April 2, 2015
AMERICANS SLOWLY WAKING UP TO FACT THEY LIVE IN A POLICE STATE
Post by TDV Chief Editor, Jeff Berwick
One of the things that happens when you are constantly fed propaganda via the news and movies about what a great, free country you live in is that many people won’t wake up to reality until something happens directly to them.
Take comedian Chris Rock for example. We’ve poked fun at his slave mentality numerous times in the past when he has made statements like, “The President and the First Lady are kinda like the Mom and the Dad of the country.”
And recently we sighed when he made the statement that if people didn’t like getting beat up by cops they “shouldn’t break the law”.
April 3, 2015
THE GREAT PARADIGM SHIFT HAS ARRIVED
Post by TDV Chief Editor, Jeff Berwick, and is a select portion from the March TDV Newsletter
Many people locked into backward-looking mainstream media have no idea of the changes that are already in process. It is truly a time of extreme change but for those not paying attention everything still looks “the same”. Normalcy bias still keeps many totally unaware of what is happening and what is about to happen.
VIDEOS
TDV INTERVIEWS: JIM ROGERS ON THE CURRENCY WARS AND COMING COLLAPSE
Here at The Dollar Vigilante (TDV) we feel that 2015 will be a crucial year in The End Of The Monetary System As We Know It (TEOTMSAWKI). As we will be pointing out to TDV subscribers (subscribe here) in our next issue all the stars seem to be aligning for a monumental shift in the coming months.
As such, we want to bring in a number of experts to discuss where we are at and what they are doing.
Our first guest is Jim Rogers who has embodied many of the themes we have at TDV. He thinks central banks and governments are ruining the economy and is expecting a monumental crisis. He also has left the USSA to live in Singapore and is raising his children to speak Mandarin to prepare them for a better future. And we asked him if he has considered renouncing his US citizenship.
Here is our conversation:
ANARCHAST: CASSANDRA FAIRBANKS: THE DANCING MAN TWEET THAT CHANGED THE WORLD!
Jeff interviews Cassandra of Cassandra Rules, topics include: the dancing man meme viral video, the social media storm that resulted, controversy over shoes, the power of social media, haters vs people power, we don’t need the state, individual action, lead by example, be the change you want to see, Russell Brand, big happenings in New York, Ferguson, feminism, porn and body shame…
ANARCHAST: J NEIL SCHULMAN: ALONGSIDE NIGHT
Jeff interviews Libertarian science fiction writer and film producer J Neil Schulman, topics include: government is entirely detrimental, counter-economics, the booming counter economy, defining agorism, explicit agorist strategy, anecdotes from the collectivist nightmare, bridging language barriers, mass surveillance now carried out in multiple countries, the book and movie Alongside Night, Alongside Night is only dystopian to statists!
Thoughts? Let us know on TDV Blog
The Dollar Vigilante is a free-market financial newsletter focused on covering all aspects of the ongoing financial collapse. The newsletter has news, information and analysis on investments for safety and for profit during the collapse including investments in gold, silver, energy and agriculture commodities and publicly traded stocks. As well, the newsletter covers other aspects including expatriation, both financially and physically and news and info on health, safety and other ways to survive the coming collapse of the US Dollar safely and comfortably. You can sign up to receive our FREE monthly newsletter, our Basic Newsletter ($15/month) or our Full Newsletter ($25/month) with specific stock recommendations and updates at our Subscriptions page on our website at DollarVigilante.com.
Source: http://www.dollarvigilante.com/blog/2015/4/5/viva-bitcoin-bitcoins-popularity-surging-in-mexico.html#7127
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