Crypto Scoop: First Mexican Bank to Accept Bitcoin In The Works

Here are the highlights of this week's episode of Crypto Scoop:

• Billionaire Salinas’s Bank might just be the first bank in Mexico to accept Bitcoin
• Dogecoin Price experiences a surge following Elon Musk’s recent Tweet
• Twitter to gift 140 NFTs

Billionaire Salinas’s Bank might just be the first bank in Mexico to accept Bitcoin

Mexican billionaire businessman Ricardo Salinas Pliego announced that he was working towards making his bank the first in Mexico to accept bitcoin. In his tweet, he noted that he had witnessed hyperinflation firsthand. He explained that this prompted his reasons for investing in cryptocurrencies, even stating that “Fiat is a fraud.”

He explained why he was working hand in hand with experts to invest in bitcoin as he perceived that it was a solution. He noted that bitcoin and other cryptocurrencies were his first choice before any other assets.

Dogecoin Price experiences a surge following Elon Musk’s recent Tweet

Dogecoin has been in the news multiple times this year as it reached new ATHs, some of which may be traced to its rallies and supportive tweets of Elon Musk. However, since its ATH, dogecoin has since experienced ups and highs that have resulted in price fluctuations. Yet, this week, dogecoin’s price seems to have surged following another one of Elon Musk’s s legendary tweets. Musk tweeted his support in reducing the transaction fees of dogecoin.

Dogecoin developer Patrick Lodder noted that he was seeking a way to reduce the fees of transacting Doge to as low as 0.01 Doge. Lodder stressed that the fees of dogecoin had been 10 times cheaper than litecoin. Yet, in recent times it is about five times more expensive. Elon Musk tweeted his support of this and his intention to help dogecoin achieve this goal. This would make dogecoin a competitive and even more valuable asset.

Twitter to gift 140 NFTs

NFTs are the raving assets in the crypto space. In fact, many people are curious to know what it entails and how they can become a part of this revolutionary community in the crypto space. NFTs (Non-Fungible Tokens are digital assets just like other cryptocurrencies; however, they cannot be exchanged like for like, which is why they are non-fungible.  This explains why the news that Twitter would be giving out 140 non-fungible tokens through Rarible is being taken with a lot of excitement and anticipation.

Earlier this year, Jack Dorsey, CEO of Twitter, had sold his first tweet for about $2.9million on the NFT platform. The NFT had been sold after an intense auction. Twitter has announced that through, Rarible there would be a giveaway of 140NFTS.

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