Bitcoin enthusiasts suggest the use of BitcoinCT r: 8 in settling remittances between the U.S and Mexico after Trump’s proposal to build a wall between the two countries will have been realised.
On April 5, Billionaire real estate tycoon and Republican front runner Donald Trump unravelled his plans to compel Mexico pay US$5 to US$10 billion for the border wall between the United States and Mexico which Trump aims to build at the start of his presidency.
Economic damage to Mexico
One major issue which Mexico could face upon the creation of Trump’s border wall is a substantial damage to the country’s economy or gross domestic product (GDP).
According to the World Bank, remittances from the United States account for nearly 2% of the country’s GDP.
Thus, restricting Mexican immigrants in the United States to send back money to their families and friends could severely impair Mexico’s economy as a whole.
http://cointelegraph.com/news/bitcoin-will-help-mexicans-to-overcome-trumps-border-wall
Topic: [2016-04-15]Bitcoin Will Help Mexicans to Overcome Trump’s Border Wall (Read 227 times)
April 15, 2016, 05:13:31 PM
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