President of the Salinas Group, who owns the Elektra Group outlets, Ricardo Salinas Pliego, intimated that the stores would sell bitcoin. According to the CEO, his organisation is unable to integrate cryptocurrencies into the Azteca Bank app due to Central Bank of Mexico regulations. Elektra, on the other hand, might sell bitcoin because it is a business institution, he said. Salinas Pliego has been a long-time advocate of bitcoin. Last June, the CEO suggested buying bitcoin, claiming that the asset had unique features. At the same time, he announced that his bank, Banco Azteca, was working to become Mexico’s first financial institution to accept and offer bitcoin-based financial services.
However, Mexico’s Finance Minister, Arturo Herrera, promptly responded to these plans, stating that the usage of cryptocurrency was not permitted under current financial system regulations in Mexico.
Hmm, can you imagine your Indian stores like Reliance mart, Hypercity, D’Mart etc. selling Bitcoins?
