Remember that Mexican Border Wall Trump had promised? And remember that Mexico was supposed to pay for it otherwise remittance payments would be retained?
Will the Mexican peso currency is losing its value on the market.
Will the Mexican population rush to use bitcoin as there currency is failing, or will shaken investors move there recent sell off into a stronger decentralized currency?
Will the Mexican peso currency is losing its value on the market.
Will the Mexican population rush to use bitcoin as there currency is failing, or will shaken investors move there recent sell off into a stronger decentralized currency?
Mexico is not exactly known for their pursuit of technology and new things. they are not a developed country so i wouldn't count on them starting to buy bitcoin just because of their local currency is being devalued!
don't forget that this has already happened with so many different countries and they never started to buy bitcoin!
That's true. Most of the people everywhere in the world (not Mexico alone) are not that tech-savvy to go for Bitcoin all at once. But let's face it, bitcoin infrastructure has become significantly more beginner-friendly in the last couple of years.
I can imagine the people in Mexico want to invest in US dollars.
Sooner or later, if the mexican peso keeps on falling, the government there will make it hard for the people to exchange their currency against dollars.
Then they could use bitcoin as a way to convert pesos into dollars.