On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Mexican Companies Are Willing to Join the Bitcoin Bandwagon in the Wake of Tesla’s Investment, Says Expert
Bitcoin-buying frenzy among major companies could hit Mexican firms soon, as interest keeps increasing across the country. An expert is expecting that local businesses will follow the same path as mainstream U.S.-based companies such as Tesla.
Current Bitcoin Performance Could Make Companies Rethink Their Business Models
During an interview with El Economista, Mauricio Hurtado, managing partner of Price Waterhouse Cooper Mexico, says Mexican companies’ current appetite to acquire cryptos like bitcoin (BTC) is seeing bullish steam.
Despite the uncertainties that cryptos have, current crypto market performances create enough confidence to rethink the current business model, said the expert. Hurtado added on the matter:
This occurs because there is a significant number of players who are seeing in these currencies a transaction mechanism that is reliable and therefore, businesses adjust to market realities to prevail and have an advantage over their competitors; then you see an important change in this aspect.
Tesla, Microstrategy, Square Investments Leverage Bitcoin ‘as a Store of Value’
Moreover, Hurtado said that cryptocurrencies bring some “stability” to people in terms of their plans for savings.
Citing Tomás Álvarez Melis, Volabit’s director, El Economista stated that Microstrategy, Tesla, and Square’s million-dollar bitcoin investments also bolstered the consolidation of BTC as a store of value.
PWC’s managing partner agreed with such a statement, adding that crypto confidence is being transmitted to both retailers and companies. Hurtado pointed out that consulting firms should keep an eye on cryptocurrency developments and their consumer patterns:
The technological changes that we are experiencing have made many entrepreneurs, such as Tesla, have a greater acceptance of cryptocurrencies as a means of payment in commercial transactions. It is a trend that is there, and we, as a firm, PWC, are very attentive in not neglecting all traditional currencies’ trajectory. But in giving the attention that corresponds to all the changes in terms of even market consumption patterns in the matter technology and employment patterns of the workforce, which has a direct correlation with currencies like this.
What do you think about such analysis on Mexican companies possibly following Tesla’s path on bitcoin? Let us know in the comments section below.
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