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Leading Mexican Retailer Grupo Elektra Accepts Bitcoin

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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 lets you 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 simply accessible till Dec. 31.

A banner promoting bitcoin acceptance and a reduction on the Elektra web site. Supply: Elektra.
Prospects can use bitcoin to buy in Elektra bodily shops in addition to on-line, its web site particulars, including that BTC purchases might be processed by U.S.-based crypto cost service supplier Bitpay.

Salinas is a longtime bitcoin proponent. He stated in June, “I suggest the usage of 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 in opposition to bitcoin, emphasizing that the cryptocurrency is a high-risk funding and poor retailer of worth as a consequence of its volatility.

What do you consider Grupo Elektra accepting bitcoin? Tell us within the feedback part beneath.

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Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.

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