[2017-10-24] Bitlem Opens the First Physical Bitcoin Exchange in Mexico

veleten

legendary

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now Mexica will be building its own wall to keep americans who want to exchange bitcoins out
just kidding Grin

it is a very good thing for adoption
trading in 10 currency pairs and since its Mexico,all the cash withdrawals and tax concerns should be less of a problem
one big step for the country in general=more businesses accepting bitcoins,more goods sold for bitcoins,more people aware of and using cryptocurrencies

richardsNY

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Quote from: aso118 on October 15, 2017, 10:17:34 AM

I am not sure about Mexico, but exchanges in other jurisdictions will be wary of using cash. If something goes wrong, the government could slap money laundering charges and shut it down. Banks have various safeguards in place and it will be tough for an exchange to replicate that.

I get what you say -- there have been various 'exchanges' that were forced to close down, or significantly change the way they conduct business after being accused of running an illegal money transmitting service. It might take a year or two, but if this service isn't properly licensed, the chances are high that it will face the same problems eventually. Regulations are slowly but surely catching up, which means that there will be almost zero tolerance for anything not operating within the strict set of rules.

aso118

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★Nitrogensports.eu★

Quote from: Immakillya on October 14, 2017, 04:59:01 PM

Bitlem Opens the First Physical Bitcoin Exchange in Mexico

Mexican company Bitlem recently announced through a press release the launch of Mexico’s first physical bitcoin exchange, located one street away from the Mexican Stock Exchange. In it, customers will be able to buy and sell bitcoin, as well as 10 other cryptocurrencies, using cash and bank transfers.

I am not sure about Mexico, but exchanges in other jurisdictions will be wary of using cash. If something goes wrong, the government could slap money laundering charges and shut it down. Banks have various safeguards in place and it will be tough for an exchange to replicate that.

1Referee

legendary

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I actually like this a lot. It's another aspect that will help getting the average people to invest in Bitcoin, and thus increase Bitcoin's adoption even further. Another major aspect is that it gives the average joe the same feeling as in the days where banks where actually ready to help people in physical offices. It's an ultimate form of convenience to walk in there before you go to work or whatever, buy Bitcoin, and continue with your day. No more waiting for your money to post when you're making use of an online exchange, which can take a day or two, where you likely have then missed a great buying opportunity. You got a problem? Just walk in there and have it sorted out, where with current online exchanges, people have to wait a couple of days, if they are lucky. Nowadays it seems to be a trend that support tickets get replied to in 10-14 days. Lips sealed

Immakillya

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Bitlem Opens the First Physical Bitcoin Exchange in Mexico

Mexican company Bitlem recently announced through a press release the launch of Mexico’s first physical bitcoin exchange, located one street away from the Mexican Stock Exchange. In it, customers will be able to buy and sell bitcoin, as well as 10 other cryptocurrencies, using cash and bank transfers.

Being the first exchange in Mexico with a physical location open to the public gives it historical significance, and allows it to introduce bitcoin, cryptocurrencies, and blockchain technology to the Mexican market.

Bitlem is currently working on launching its online exchange platform, Bitlem.com, over the next few weeks in order to allow users to buy and sell cryptocurrencies online as well. Once its launched, users will be able to deposit funds using over 20,000 stores located throughout Mexico, effectively bringing bitcoin to the masses.

Continue reading....https://www.cryptocoinsnews.com/interview-bitlem-opens-first-physical-bitcoin-exchange-mexico/

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