President of the Association of Mexican Banks (ABM) Daniel Becker believes that the joint introduction of digital currency with the Central Bank will provide an opportunity to provide banking services to more Mexicans.
Daniel Becker
Meets with Bank of Mexico Governor Victoria Rodríguez Ceja to discuss some of the important factors involved in making banks more accessible to Mexican citizens. As part of the meeting, Becker
offered assisting the country’s central bank in developing and potentially issuing Mexico’s state digital currency.
The support is intended for a group of private banks that are now exploring the possibility of introducing a digital currency of the Central Bank under the leadership of the Bank of Mexico. According to Becker, the joint work of the Central Bank and the Association of Banks on the state digital currency will enable more Mexican citizens to access banking and financial services.
Becker supports the introduction of a government digital currency. In his opinion, the digital currency of the Central Bank will reduce the cost of transactions and will achieve better compatibility in the use of the blockchain.
Recently, the Senator of the Mexican state of Nuevo Leon, Indira Kempis, suggested that Mexico follow the example of El Salvador and accept bitcoin as a means of payment. Cryptocurrency exchange Coinbase announced last week that it will add the ability for Mexican users to cash out cryptocurrencies in pesos at over 37,000 outlets in Mexico. Last year, Bitso and Circle exchanges announced that they were launching cross-border payments between Mexico and the US.
Source: Bits
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