Ricardo Salinas Pliego, the 166th wealthiest person on the planet, has said that he is trying to make his bank the first in Mexico to accept the biggest cryptocurrency.
“Me and my bank (Banco Azteca) are working to be the first bank in Mexico to accept #Bitcoin,” the Mexican billionaire stated in a tweet in response to fellow bitcoin enthusiast and MicroStrategy CEO Michael Saylor.
— Ricardo Salinas Pliego (@RicardoBSalinas) June 27, 2021
Saylor was responding to a video of Salinas that was posted on Twitter by Anthony Pompliano, a well-known investor and proponent of bitcoin.
Salinas stated in the video how experiencing hyperinflation firsthand influenced his decision to invest in bitcoin and why he believes “fiat is a fraud.” He also explains why he prefers bitcoin over any other investment.
Who is Ricardo Salinas?
Salinas is the founder and head of Grupo Salinas, a conglomerate with interests in telecommunications, media, financial services, and retail shops. His net worth is estimated to be $15.8 billion by Forbes.
Salinas is the founder and chairman of Grupo Salinas, a Mexican media and retail conglomerate that includes TV Elektra, the world’s second-biggest broadcaster, and Grupo Elektra, a home appliance and electronics store.
He is the third wealthiest person in Mexico and the 166th richest person in the world, with an estimated net worth of US$13.2 billion in February 2020.
In 2003, Salinas bought Iusacell, Mexico’s first mobile phone firm, and four years later merged it with Unefon, another cell phone company he founded in 1999. However, Grupo Salinas announced the sale of Iusacell to AT&T in early 2015.
Grupo Elektra bought Advance America, a company that provides short-term non-bank loans in the United States, in 2012, and renamed it Aim Financial. The Punto Casa de Bolsa is now operational. In Mexico, the United States, Guatemala, Honduras, Peru, and Panama, about 6,000 touchpoints are in operation.
Salinas spoke at events such as the World Economic Forum, The Economist Roundtable on Mexico, the Young Presidents’ Organization, UCLA, the Institute of the Americas, Harvard Business School, and TED, where he discussed globalization, education, entrepreneurship, freedom, and opportunity in the BOP.
He also maintains a blog where he shares his market, political, economic, and cultural views in Spanish for La Opinión, the Huffington Post, and the Mexican press, and he often writes for Newsweek. A year ago, he was the first Mexican appointed to the Aspen Institute’s Board of Trustees.
How are you feeling about Bitcoin, currently?