Mexican wall and cryptocurrency payments

While conservative policies are creating barriers to cryptocurrency, citing national security, the digital currency successfully perform its task of overcoming national borders.

If you imagine that money talk, the cryptocurrency allows you to talk to each other instantly with lower costs and fewer middlemen. Victory will be those who will facilitate cross-border payments in the future.

President trump has repeatedly stated that the construction of the wall on the border with Mexico, and he intends to fulfill that promise.

For this reason Western Union is seriously considering the possibility of using cryptocurrency as part of their business model. Today, Mexican immigrants and migrant workers send money to Mexico or anywhere else. According to BusinessWire and the world Bank, Mexico is the fourth largest recipient of international remittances in the world.

For transactions of Western Union, the Commission is charged to both parties. For example, the payees may pay up to 10% when receiving cash.

According to the mechanism of most cryptocurrencies, the recipient generally does not pay Commission, because it adds the transaction data in the blockchain, and the sender. In addition, the transaction fee is usually not associated with a transaction amount and the actual amount of data needed for its processing bloccano.

So does Bitcoin work. The establishment of Mexico’s own bitcoin exchanges to convert crypto currencies into pesos, the installation of bitcoin ATMs and an active OTC trade means that Bitcoin is going to become a cash alternative.

Any blockchain can simplify cross-border payments, but there is a question of liquidity, which is always a problem. In Venezuela, some projects have made significant efforts to help all who suffered from extreme inflation policy. Including Dash, Flash, and zcash for.

If immigration policy is trump to combat illegal immigration is successful, the remittance market between the U.S. and Mexico will grow, because people from both sides will provide each other with financial assistance. According to the world Bank report, published in December, last year, Mexico received remittances to the amount of $ 33 billion.

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A US Congressman has offered to issue a coin Wallcoin to Finance the construction of a wall on the border with Mexico

A member of the U.S. Congress proposed to hold a crowdfunding campaign among the inhabitants of the country to Finance the construction of a wall on the border with Mexico to stop the flow of illegal migrants. To implement the idea of the author of the project proposed to release a special cryptocurrency — Wallcoin.

The Congressman of the U.S. state of Ohio Warren Davidson suggested the use of cryptocurrency to raise money necessary for the construction of a wall on the border of U.S. and Mexico. Previously the idea of building a Mexican wall was announced by President Donald trump.

At the suggestion of Davidson’s, the coin can be called Wallcoin (from the English. “wall” “wall”). It is designed to form the basis of a large-scale crowdfunding campaigns among residents of the United States, because the Democratic party opposes the construction of the wall at the expense of budgetary funds.

The legislator noted that the wall is not continuous — on some sites will be installed a mesh fence, or the realization of an idea is not enough funds:

“There are areas that you would want to protect with the wall, and if you look at the existing ones, for$ 5 billion to build the Great wall of China, will be strung mesh fence”.

Note, Warren Davidson is a supporter of the use of cryptocurrency in the Parliament of the United States. In late September, he even gathered a round table with the representatives of the sphere of the blockchain and the authorities to expedite passage of legislation crypto industry.

The use of cryptocurrency in political campaigns support support 60% of Americans.

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Wall street is ready to invest trillions of dollars in cryptocurrency

Co-founder of Ethereum Charles Hoskinson believes that critics of the cryptocurrency ignore one important fact, namely, the number of institutional investors that are prepared to invest in cryptocurrencies.

According to Hoskinson, wall street is ready to invest “tens of trillions” of dollars after “the next wave of regulation.”

Several major players already in full swing preparing for the arrival of institutional investors. Circle, which is owned by Goldman Sachs has announced the launch of stable koina to minimize the volatility of the cryptocurrency markets and attract investors from wall street.

Coinbase is developing four new product aimed at attracting the ” $ 10 billion for institutional investors.”

Nasdaq has partnered with cryptocurrency exchanges, including Gemini, which uses their technology to create a more robust trading platform, which would satisfy the technical requirements of the institutional traders.

Industry leader – Susquehanna International Group, one of the largest investment companies in the world, opens trade Bitcoin, Cash Bitcoin and Ethereum for a small group of qualified investors.

And Binance, the largest cryptocurrency exchange is in talks with the Malta stock exchange on the introduction of new trading pairs cryptocurrency/Fiat currency.

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BitFlyer CEO hunts for talent with Wall Street

Yuzo Kano is looking for former financiers from wall street to turn its stock exchange in the global cryptocurrency Empire.

Reportedly, Cano plans to the end of the year to increase the staff of the exchange up to 300 people, while it has doubled it over the last six months.

“My goal is to become number one in the world,” said Yuzo to Bloomberg. “To achieve this, I need to increase the staff. And those who possess the best skills come from global banks.”

Former financial managers have extensive experience in regulated markets that, apparently, attracted to Kano. bitFlyer already boasts former executives at Barclays Plc and Credit Suisse Group AG in his team.

Razin Ashraf, the head of the recruiting firm Divine Solutions Japan, explained that “cryptocurrency companies need traditional financiers to work in all areas: business development, sales, account management, financial transactions and much more.”

The world’s best place for doing business cryptocurrency Kano considers Japan. This country was recognized as a world leader in the field of cryptocurrency regulation since the adoption of the law on virtual currency in April 2017. In addition, the law legally recognized Bitcoin and Ethereum as forms of payment.

While Yuzo big plans to establish additional offices in South America, Africa , Australia and other parts of Asia; the stock exchange has opened branches in Luxembourg, San Francisco and Tokyo.

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