Bitcoin adoption accelerating in Mexico
As the eleventh most-populous country in the world, with a population of over 120 million, the World Bank [classifies](http://siteresources.worldbank.org/INTMEXICO/Resources/Urban_Poverty_in_Mexico.pdf) half of Mexicans as “poor” and says that they are generally “Barred from access to formal financial assets.”
Bitwala planning expansion into Mexico and Japan, offering €5 to testers
The Netherlands-based Bitcoin payment service startup recently announced that it will enter the Mexican Peso and popular Japanese Yen markets. “In order to be able to provide you with the best Bitcoin and Altcoin to Mexican Peso service, we need your help!,” states the company.
Mexico Already Banned A Range Of Cash Purchases, Now Bitcoin Is Included
At present, bitcoin companies are emerging and evolving in Mexico, however, new rules will apply to the digital currency.
Mexican Bitcoin Exchange Volabit Launches ‘Whatsapp Personal Assistant’
Puerto Vallarta-based Bitcoin startup, Volabit, recently launched a service for the popular messaging app, WhatsApp. The service will pay your phone bills, utilities, and other expenses with Bitcoin.
MeXBT’s New Service Unlocks Mexican ATMs
A legacy banking solution allows Mexicos unbanked population to withdraw funds at ATMs. Gabriel Miron has taken advantage, adding Bitcoin to the equation.
Bitcoin Could Empower Mexico’s Unbanked
The world’s 10th largest economy, Mexico, has had double digit growth in its e-commerce industry, but continued growth is challenged by the country’s large unbanked population.