Crypto IRL: Mexico’s solely Bitcoin Bar | by | @blockchain

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We’re talking with people who’re main the cost within the crypto revolution through the use of cryptocurrency in actual life to drive monetary inclusivity, enterprise, and innovation.

We’re kicking off this collection in La Condesa, a leafy neighborhood in Mexico Metropolis the place you’ll discover Mexico’s solely devoted Bitcoin bar, Bitcoin Embassy Bar.

Lorena Ortiz is the Director of Bitcoin Embassy Bar. A self-described punk, she instantly aligned with the values of a decentralized self-sovereign forex when she was first launched to bitcoin by a good friend again in 2015.

“Mexico’s financial system has a direct relationship with the US, so having lived by means of the financial disaster of the Nineties, it’s at all times been vital to me that people have accessible types of worth safety that don’t rely on the state.”

A social psychology main, when delving additional into the crypto house Lorena acknowledged the significance of constructing group round new ideologies. So in December 2018 on the very dip of the bear market, Lorena opened the Bitcoin Embassy Bar to help the cryptocurrency motion in Mexico.

“In Latin American tradition we be taught most successfully in nose to nose situations, so the concept of ​​a bodily house devoted to studying and growing a group made good sense to me.”

The pairing of crypto and remittances can be an enormous space of curiosity for Lorena. According to the World Bank, remittances to Latin America and the Caribbean are estimated to have grown 9.3% from 2021 to 2022 to $142 billion with a 15% improve for Mexico alone.

“Mexico receives probably the most remittances in Latin America however the present remittance providers have very excessive commissions that find yourself reducing the acquired worth. Instruments like Bitcoin actually will help households whose revenue relies upon totally on remittances by serving to them to keep away from pricey charges.”

Drinks usually are not the one factor on the menu because the house can be a devoted training venue which teaches people about how you can use bitcoin and preserve it protected.

“We attempt to maintain weekly meetups wherein members of the identical group, with or with out expertise, share their data with everybody in a totally relaxed and free setting”.

In these 4 years, we’ve additionally organized a number of workshops to show instruments for the safety of dealing with Bitcoin in a extra structured approach. Inside this house you may as well discover books, crypto paraphernalia and even an ATM the place you should purchase and promote Bitcoin”.

Lorena has a core group of group locals who stay devoted to this house, returning week after week to be taught extra and share with others.

“Since crypto ventures associated to crypto have grown exponentially, I consider that within the not too distant future Bitcoin will strengthen in Mexico.”

We will’t wait to see what Lorena does subsequent with Bitcoin Embassy Bar, ¡salud!

Do you’ve got an instance to share of how cryptocurrency is getting used IRL? Tweet us! @blockchain


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