The P2P financial platform, Paxful, has announced the new agreements signed with the Spanish company FinTech, Bnext, in order to offer crypto debit cards to Mexican citizens.
The new mode of commerce will allow users to withdraw money at any ATM in Mexico as well as make purchases online and will be available from May next year.
Ray Youssef, CEO and co-founder of Paxful, has welcomed the efforts that the company has put together to bring to the Mexican market a new form of commercialization and use of cryptocurrencies. “We work to offer a secure banking alternative to the Mexican population, at the once we make cryptocurrency trading more accessible globally.”
According to Paxful executives, the measure is in line with the need to address the use of cryptocurrencies in the Latin American country, with the aim of increasing the volume of operations in the country, as well as increasing the use of solutions for electronic payments.
The announcement came almost a month after the P2P platform announced its alliances with the Transfero company, when they specified that the intention was to introduce the Brazilian stablecoin BRZ to its list of payment options for residents of the country.