Fun

Leading Mexican Retailer Grupo Elektra Accepts Bitcoin

News Feed - 2021-12-19 08:12:35

Leading Mexican Retailer Grupo Elektra Accepts Bitcoin


Mexico’s Grupo Elektra, a leading retailer in Latin America, is accepting bitcoin for payments. The chain belongs to conglomerate Grupo Salinas, which is owned by Mexico’s third-richest billionaire, the pro-bitcoin Ricardo Salinas Pliego. Ricardo Salinas Pliego’s Retail Chain, Grupo Elektra, Now Accepts Bitcoin


Elektra is a supermarket and banking chain belonging to conglomerate Grupo Salinas, which is owned by Mexico’s third-richest billionaire, Ricardo Salinas Pliego. Salinas tweeted Thursday: The rumors are true. Elektra is the first (retail) store in Mexico that allows you to buy with bitcoin. I’m very sorry to beat the competition again.


In addition, the retail chain is offering a 20% discount on some purchases made with bitcoin, the billionaire confirmed on Twitter. The discount offer is only available until Dec. 31. A banner advertising bitcoin acceptance and a discount on the Elektra website. Source: Elektra.


Customers can use bitcoin to purchase in Elektra physical stores as well as online, its website details, adding that BTC purchases will be processed by U.S.-based crypto payment service provider Bitpay.


Salinas is a longtime bitcoin proponent. He said in June, “I recommend the use of bitcoin,” adding that he and his bank “are working to be the first bank in Mexico to accept bitcoin.” His bank, Banco Azteca, operates in Mexico, Panama, Guatemala, Honduras, and Peru. It also has a presence in El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar in September. The billionaire reiterated in November, “Buy bitcoin right now.”


Meanwhile, Bank of Mexico Governor Alejandro Diaz de Leon has warned against bitcoin, emphasizing that the cryptocurrency is a high-risk investment and poor store of value due to its volatility. Tags in this story Elektra, Grupo Elektra, Grupo Elektra accepts bitcoin, Grupo Elektra bitcoin, Grupo Elektra bitpay, Grupo Elektra btc, Grupo Elektra crypto, Grupo Elektra cryptocurrency, Ricardo Salinas Pliego, Ricardo Salinas Pliego bitcoin


What do you think about Grupo Elektra accepting bitcoin? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Crypto Owners in Serbia Reach 200,000 as Country Regulates Digital Assets FEATURED | 10 hours ago Cornell Professor of Economics: Defi Promise Is Real but Bitcoin May Not Last Much Longer FEATURED | 20 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleSwiss Bank Seba Launches Regulated Gold Token, Aims to Bolster ‘Digital Ownership of Physical Gold’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItLending Platform Ledn Launching Bitcoin-Backed Mortgage Product, Raises $70 Million


Global digital asset savings and credit platform Ledn has announced the upcoming launch of a bitcoin-backed mortgage product, calling it "the first product of its kind to hit the market." The company has also raised $70 million, which brings its ... read more.Adidas Reveals the Originals NFT Collection With Punks Comics, Gmoney, Bored Apes Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets Russia to Decide Between Full Ban and Legalization of Crypto Investments, Trade Polygon, Reddit Co-Founder"s VC Firm Launch $200 Million Social Media Web3 Fund

News Feed

$520B state-owned Italian bank trials digital bonds on Polygon
Brayden Lindrea8 hours ago$520B state-owned Italian bank trials digital bonds on PolygonThe trial was part of an initiative set up by the European Central Bank to identify how blockchains can facilitate central bank mone
‘Public’ Adds Cryptocurrency Trading Citing Millions of Investors See Crypto as ‘Compelling Asset Class’
"Public" Adds Cryptocurrency Trading Citing Millions of Investors See Crypto as "Compelling Asset Class" Investing platform Public, with over 1 million users, is rolling out crypto
Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules
Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules Bitmex said Wednesday that it is fast-tracking its user verification p
All Pizza Hut Locations Accept Cryptocurrencies in Venezuela
All Pizza Hut Locations Accept Cryptocurrencies in Venezuela All Pizza Hut locations in Venezuela now accept a broad range of cryptocurrencies, including bitcoin
William Suberg11 hours agoBitcoin price reacts as 3.7% CPI sees inflation jump beyond forecastsBTC’s price clings to $26,000, with Bitcoin traders braced for the Wall Street open, following the latest CPI report.8359 T
Prepping for an Airdrop: Prominent BCH Community Members Bid Bitcoin ABC Devs Farewell 
Prepping for an Airdrop: Prominent BCH Community Members Bid Bitcoin ABC Devs Farewell On August 18, 2020, the Bitcoin ABC development team announced a “feature freeze,&rdquo
Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide
Finder"s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide On Friday, the product comparison website Finder published the company&rsq
JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K
JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K Global investment bank JPMorgan has warned of the crypto market facing weeks
Amaka Nwaokocha12 hours agoVoyager to pay $1.1M in legal fees incurred in AprilCertain members holding high positions within the firm bill an hourly rate exceeding $2,000 for their professional services.2443 Total views1
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar "Is Once Again the World"s Problem" Two days ago, U.S. president Joe Biden was criticized for clai
Prashant Jha13 hours agoBlackRock ETH ETF helps price past $2K; community sees BTC ETF as ‘done deal’BlackRock has previously also filed for a Bitcoin ETF, for which the SEC approval window is currently open until No
Martin Young3 hours agoFriend.tech SIM-swap scourge continues as scammer nets $385K in EtherLeaked mobile phone numbers have given scammers an easy way to drain Friend.tech user accounts.1108 Total views29 Total sharesLi