89.6 F
Mérida
Thursday, October 21, 2021
###

Bitcoin revolution asserts itself in casual spaces across Mexico

Latest headlines

Countries of the Mayan world to make up a multi-destination tourist region

The Mundo Maya made up of Mexico, Belize, Honduras, Guatemala, and El Salvador, is described as a multi-destination project, and an opportunity for Mesoamerican cultures to meet.

New design announced to replace Mexico City’s controversial Columbus statue

A replica of a prehispanic sculpture of a woman will replace Mexico City’s controversial Columbus statue.

Día de Los Muertos or Hanal Pixán: What’s the difference?

As the weeks continue to fly by, Yucatecos are eagerly awaiting the arrival of one of the region’s favorite holidays, Hanal Pixán — Yucatán’s version of Día de Los Muertos, or Day of the Dead.

Coronavirus deaths in Yucatán include a 14-year-old boy

While coronavirus deaths in Yucatán have recently declined, victims are at times very young.
Yucatán Magazine
Sign up to get our top headlines delivered to your inbox twice a week.

A restaurant and “fun bar” in Mérida has a Bitcoin ATM for buying and selling the growing cryptocurrency. Photo: Facebook


Evidence of Bitcoin’s growth in Mexico isn’t found in places where currency is normally bought and sold. It’s found in shopping malls, comics book stores and at a bakery called Pasteleria Nelly.

A casual “Restaurant and Fun Bar” in Altabrisa is the first spot in Mérida to buy and sell Bitcoin, the first digital currency without a central bank or government behind it, with a designated ATM.

Lapa Lapa, a regional chain with several locations across the city, is among the restaurants, tiendas, gas stations, delis, and convenience stores around the world to install Bitcoin teller machines.

The kiosks, which appear similar to normal cash ATMs, surged in 2017, with a 7.6 percent increase in machines worldwide over the past few months. Bitcoin can be bought or redeemed for cash at these machines.

According to the Athena network, which installed the machines, a transaction can be completed in 90 seconds with a smartphone wallet app.

The biggest markets for Bitcoin ATMs reside in the U.S., Canada and the U.K. Mom-and-pop shops, gas stations and pawn shops in the U.S. report the machines getting a lot of traffic.

The Athena Bitcoin Network has 55 BTMs in circulation throughout America and the one machine in Mérida. Lapa Lapa’s is one of 12 machines in Mexico. Mexico City and Tijuana each have three, and there is one in a Culiacan shopping mall, a pastry shop in Silao and in comic book shops in Monterrey, Guadalajara and Santiago de Querétaro.

Bitcoin’s value tends to rise and fall. As of Tuesday, Jan. 2, 2018, the value of a single Bitcoin was down to $13,564.46 USD after a record high $19,511 reached on Dec. 18, 2017.

Bitcoin is a virtual currency that was created in 2009 by an unknown computer whizz using the alias Satoshi Nakamoto. Individual Bitcoins are created by computer code.

Transactions are made without middlemen, so there are no transaction fees and no need to give a real name.

More businesses are beginning to accept them and at some spots, a Bitcoin can even be used to buy pizza.

Source: Bitcoin

- Advertisement -
- Advertisement -

More articles

Scientists discover a massive underground cave network in Yucatán

The cave system extends from the Chuy Ha Cenote, in the municipality of Kaua, to the Aktun Kaab dry cave, in Santa Rita — which is roughly 85 kilometers away in a straight line. 

Botánica Alfabeta — Flowers are this photographer’s hidden talent

Weddings took up most of Fabrizio’s time, until the pandemic halted all social events. Then, as most anxious personalities did, he turned back into his hobbies to find purpose and inspiration.

Cemeteries and festivities will be open this year for Hanal Pixan celebrations

In certain municipalities, like Motul and Kanasín, cemeteries started welcoming guests who come to prepare the graves of their deceased.

Make your projects a reality with a little help from the pros at ACE Hardware

The place with the helpful hardware folks celebrates its first year in Mérida.

Construction at Xcaret’s new theme park near Valladolid shut down

Construction at Xcaret’s Xibalba theme park in Yucatán has been halted after a surprise inspection by Mexico’s federal environmental agency, Profepa.

A new campaign demands junk food ban in Mexican schools

Junk food consumption has increased along with the obesity epidemic, which one of the critical risk factors for chronic non-communicable diseases, according to the Pan American Health Organization.

Good news for Yucatán’s sea turtles

Sea turtles continue to be endangered in Yucatán, but a new study suggests that their numbers are beginning to recover. 

More remains of the world’s largest shark found in the depths of a cenote in Yucatán

The megalodon, or “big tooth” is an extinct species of shark that lived approximately 2.3 to 3.6 million years ago from the early Miocene to the Pliocene periods.

The untamed beauty of Hormiguero and its exotic wilderness

Part of its appeal likely has to do with the fact that it is rarely visited by tourists because of how poor the roads needed to access it are

Casa Alta Blanca: Easy, peaceful beach living

Casa Alta in Telchac Puerta is on the market. Photo: Yucatan Beach & City Properties When John Bradshaw...