Mexico Develops its First Cryptocurrency, Xoycoin

Xoy Capital, a sports trading firm, has launched the first Mexican cryptocurrency for betting. As a result, it will create and distribute tokens as its currency. Users belonging to the Upick bookmaker can access its services.

This new currency, called Xoycoin, will carry out electronic transactions. But unlike its brothers, such as Bitcoin or Ethereum, this crypto asset has a stable initial value of 40 cents to the dollar.

Benefits for clients

“Mexico is one of the ten countries most interested in cryptocurrency investments. It's the third country in Latin America engaging in buying and selling them. There is too much electronic money in this market that is useless, so launching this brand produces a benefit for the clients of our different brands and that it is especially for ga...

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