
Coinbase Global Inc (NASDAQ:COIN) will allow users in Mexico to cash out their cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) in pesos.
What Happened: Recipients of cryptocurrencies in Mexico will be able to generate a redemption code on their Coinbase app which can then be used to receive cash at 37,000 retail and convenience stores across the country, the company said in a blog post Monday.