Mexican Billionaire and owner of retail giant Elektra, Ricardo Salinas Pliego announced on Twitter that Elektra will be the first retail store in Mexico to accept Bitcoin as a payment option.
Ricardo Salinas Pliego, the owner of the Mexican retail giant Elektra, revealed earlier today that Bitcoin will soon be accepted as a payment mechanism. Ricardo announced the news on Twitter, adding claiming that Elektra is the first retail store in Mexico to accept Bitcoin payments.
Siento mucho volver a ganarle a la competencia 😂😜😎. https://t.co/1Lm9cbfGeL
— Ricardo Salinas Pliego (@RicardoBSalinas) December 16, 2021
The company went a step further in enabling Bitcoin payments by offering a 20% discount to clients who use the cryptocurrency to make a transaction.
This project is in partnership with Bitpay, the ultimate cryptocurrency payment gateway, which clients will use to complete their BTC transactions.
Despite the volatile nature of Bitcoin, the retail chain stated that any return or cancellation request made after completing a Bitcoin payment will result in reimbursement in Mexican pesos for the same amount paid at the time of the transaction, regardless of the token’s value at the time.
Finally, Elektra’s website reintroduced the hazards involved with cryptocurrency, stressing that the use and security of consumers’ e-wallets will be solely their responsibility, and the company will not be held liable if things go wrong.
“The user accepts and recognizes that the access, use and security of his wallet is the sole responsibility of the user and at no time is Elektra, nor will be, responsible for the access, use and security of the user’s wallet”
Ricardo is a strong Bitcoin supporter
Ricardo has taken several pro-Bitcoin steps prior to Elektra’s effort. Ricardo Salinas said earlier this year, in June, that his bank, Banco Azteca, would be the first in Mexico to accept Bitcoin.
Ricardo, who owns a significant quantity of Bitcoin, claims that it has global worth and should be included in everyone’s financial portfolio.
“It is an asset that has international value, that is traded with an enormous liquidity on a global level, and that is enough reason to be part of every portfolio, period,” he said.