AxenCoin, the new Mexican cryptocurrency In addition to serving as an investment instrument, cryptocurrency will make it possible to pay for goods and services in the near future.

This article was translated from our Spanish edition.

Koron | Getty Images

Last week, the Senate of the Republic in Mexico organized a forum to raise awareness about the use of cryptocurrencies and to analyze and trigger their growth. The senators must have seen something, since it is a reality that the digital currency environment is increasingly active in Mexico. On May 2, the company Axen Capital launched the new Mexican cryptocurrency AxenCoin on the market.

Designed so that it not only functions as an investment instrument, but also in the future allows purchases to be made in various shopping centers and stores, at the time of its launch the new currency was quoted at a value of $10 dollars for each unit, although it quickly reached $371.64 dollars per unit, a price at which it has been maintained.

At the cryptocurrency launch event in the city of Morelia, Dante Eludier , founder and CEO of Axen Capital explained: "You will be able to spend Axen Coins in department stores, food, but it will also serve as a means of exchange; if you want to buy Bitcoins or Ethereum you can do it with AxenCoin".

Axen Capital worked for more than two years on the design of the cryptocurrency and according to its director, they have a base of more than 2,700 clients interested in the cryptocurrency that has a reserve of 3.2 billion units. The company claims returns of 0.025% every 15 minutes that can be monitored through its website; The performance is possible thanks to a compound interest scheme. To acquire the new Mexican cryptocurrency, it is necessary to use the axencoin.finance platform, which can be accessed from anywhere in the world.

Entrepreneur en Español

Entrepreneur Staff

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Uber's CEO Says Drivers Have About 10 Years Left Before They Will Be Replaced

Uber CEO Dara Khosrowshahi says the jobs of human drivers are safe for the next decade, but after that, another type of driver will take over.

Business News

'I Love Doing Product Reviews': Bill Gates Stepped Down from Microsoft in 2020, But Admits He Still Spends 15% of His Time Working at the Company

In a new interview with the Wall Street Journal, Gates also said he is still close with Microsoft's CEO Satya Nadella.

Business News

'Everyone Can Profit From It': What Is DeepSeek? China's 'Cheap' to Make AI Chatbot Climbs to the Top of Apple, Google U.S. App Stores

DeepSeek researchers claim it was developed for less than $6 million, a contrast to the $100 million it takes U.S. tech startups to create AI.

Branding

How to Build a Strong Brand Identity for Your Early-Stage Startup

Branding might not be your first priority, but neglecting it can hurt your startup. A strong brand identity early on sets the stage for marketing success.

Business News

Elon Musk's DOGE Is Hiring People Eager to 'Work Long Hours' to Eliminate 'Waste, Fraud and Abuse' in the Government. Here's How to Apply.

The Department of Government Efficiency is hiring U.S. citizens to help cut spending and headcounts in the federal government.