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Coinbase to let crypto recipients in Mexico cash out in local currency

Coinbase Global (COIN.O) on Tuesday said it is launching a pilot program to allow cryptocurrency recipients in Mexico to cash out their funds in pesos, a move aimed at shaking up the $700 billion global remittance market.

Cryptocurrencies such as bitcoin are seen as an important way for people to send money to family and friends overseas because of the borderless nature of crypto and fewer intermediaries than traditional currency transfers.
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Bitcoin Will Reach $1M, Overtake Gold By 2028: Industry Veteran

Bitcoin will overtake gold in terms of market capitalization by 2028 and be worth over $1 million, one of the cryptocurrency’s earliest proponents Bobby Lee suggested in a series of tweets.


“Gold is about $8 trillion today, which is [50 times] the worth of Bitcoin,” Lee, who is best known for founding China’s first cryptocurrency exchange desk BTCC said. “I predict the [flippening] will happen within [nine] years and [bitcoin] will shoot up past [$500,000,]."
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