Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Coinbase Aims To Take A Bite Out of $700B US Remittance Market — To Let Users In Mexico Cash Out Bitcoin, Ethereum, Dogecoin In Local Currency

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.