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Main Mexican Retailer Grupo Elektra Accepts Bitcoin

12/19/2021
Leading Mexican Retailer Grupo Elektra Accepts Bitcoin

Mexico’s Grupo Elektra, a number one retailer in Latin America, is accepting bitcoin for funds. 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 grocery store 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 primary (retail) retailer in Mexico that means that you can purchase with bitcoin. I’m very sorry to beat the competitors once more.

As well as, the retail chain is providing a 20% low cost on some purchases made with bitcoin, the billionaire confirmed on Twitter. The low cost supply is just accessible till Dec. 31.

Clients can use bitcoin to buy in Elektra bodily shops in addition to on-line, its web site particulars, including that BTC purchases can be processed by U.S.-based crypto fee service supplier Bitpay.

Salinas is a longtime bitcoin proponent. He mentioned in June, “I like to recommend using bitcoin,” including that he and his financial institution “are working to be the primary financial institution in Mexico to just accept bitcoin.” His financial institution, Banco Azteca, operates in Mexico, Panama, Guatemala, Honduras, and Peru. It additionally has a presence in El Salvador, the nation that made bitcoin authorized tender alongside the U.S. greenback in September. The billionaire reiterated in November, “Purchase bitcoin proper now.”

In the meantime, Financial institution of Mexico Governor Alejandro Diaz de Leon has warned towards bitcoin, emphasizing that the cryptocurrency is a high-risk funding and poor retailer of worth resulting from its volatility.

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