The Bank of Mexico (Banxico) estimates that in 2024 it can launch its own digital currency, this in order to strengthen the country’s financial inclusion.
For the manager, the arrival of the CBDC allows users to have more options to use the currency that suits them best. For this reason, through Mexo, they seek that Mexicans can access more cryptocurrencies on their platform.
“When we launched Mexo, one of the reasons why we started in Mexico was because of the fintech law, because we started with a regulation that comes with digital assets, there are many regulations through different regulators. We closely follow the changes that are being made
Mexo, in addition to trading cryptocurrencies such as bitcoin and ethereum, also allows its clients to buy stablecoins such as MMXN, the stablecoin backed by the Mexican peso.
The firm considers that Mexico is a business opportunity because a recent study by Mastercard revealed that it is the ninth country in the world to adopt cryptocurrencies and the second place in Latin America, only behind Argentina.
