Bitcoin Available in Mexican Convenience Stores

Bitso and Zmart Group have teamed up to offer the digital currency at retailers across Mexico.
May 20, 2016

MEXICO CITY, Mexico – You can add Bitcoin to things available at a convenience store in Mexico. Bitso, a Mexican cryptocurrency exchange, and Zmart Group, a payment services provider, have partnered to bring Bitcoin sales via c-stores, the Coin Telegraph reports.

Mexicans can walk into any of the 29,000 locations around the country that are supported by Bitso/Zmart Group to purchase Bitcoin. “The Bitso team has worked hard to reach all potential users who would benefit from using Bitcoin and cryptocurrencies,” said José Rodríguez, Bitso’s vice president of payments. “Grupo Zmart through MaxSaldo has a vision to allow every corner store or tiendita to have payment and access to diverse services. We were interested in collaborating with them and their network in a unified vision to massify the use and advantages of Bitcoin.”

The addition of the MaxSaldo integration into convenience stores will help to meet a rise in demand for Bitcoin in Mexico. “This will be a new option [that] service is launching,” Rodríguez said. “Our volume has increased 20% on average month-over-month over the last year. And in the last week we had record volume in BTC and our second highest volume in our new ETH market.”

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