LatAm’s Crypto Boom: Mexico

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Spanish translated version

The next installment in our LatAm’s Crypto Boom series takes us to Mexico.

Home to thirty-five UNESCO World Heritage Site listings, Mexico is a country rich in cultural history and diversity and shares international borders with the United States, Guatemala, and Belize.

While Mexico ranks among the top 15 economies globally in size, remittance fees are among the highest in the world, creating a bottleneck for growth and poverty reform in the country.

With regional adoption at an all-time high, cryptocurrency provides an opportunity to level the playing field and create a more financially inclusive Mexico.

Investing in education

Local academic and business leader Dr. Eloisa Cadenas is a firm believer that education offers a gateway to equality.

A lack of technical understanding in academia meant that in 2013, Dr. Cardenas struggled to find a university professor who would support her Ph.D. proposal that explored the financial impact of companies accepting cryptocurrency as a form of payment.

Only after years of searching, in 2015, did Eloisa finally find a professor under whom she could complete her Ph.D.

Dr. Eloisa Cadenas pictured outside her higher education building. Source: Dr. Eloisa Cadenas

“I was determined not to let the same thing happen to someone else so I developed one of Mexico’s first university modules on cryptocurrency at Universidad Nacional Autónoma de México,” says Dr. Cadenas.

“More and more often, institutes and schools here in Mexico want to…

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