Mexican Crypto Exchange Spends $280M On Record Land Purchase, Using Their Own Ameros (AMX) Token


The Mexican cryptocurrency exchange Amero-Isatek may have made the largest purchase of land to be paid in cryptocurrency. It’s being rumored that the transaction was about $280 million and paid with Ameros (AMX), the company’s in-house virtual currency.

The Mexican cryptocurrency space has had a lot coming from Amero-Isatek this year. The company has plans to open 7 physical exchanges in the country, with the first being in Nuevo Leon, Monterrey. It can be said they want to make a pretty bold move with this considering there are about 800,000 crypto users in Central Mexico.

The Land Deal is the Largest Ever to be Made in Cryptocurrency

El Economista reports that Amero-Isatek has made the more remarkable land purchase in the cryptocurrency world. And the story has been confirmed by Alfonso Jimenez, the CEO of the company, who said that 1,400 hectares in Cabo Pulmo, Baja California Sur have been purchased by Amero-Isatek. The property consists of long beaches and is considered to be a natural aquarium as a result of its biodiversity.

The Transaction Was Closed in Ameros (AMX)

The acquisition of the land is a record in the cryptocurrency space, as $280 million were paid using AMX tokens. $280 million is 17,733,000 Ameros (AMX). It seems the transaction has been made through the real estate company Topkey and immortalized for good on the blockchain. Jimenez said images with the land will be made public together with an official announcement, in the next few days.

Some Claim the Transaction Was a Sham

Further information on what Amero-Isatek will use the land for hasn’t been given yet. The crypto dealings of the company are regarded as unorthodox by many, with some voices saying the land transaction is nothing but a sham. However, it wouldn’t be the first time real estate cryptocurrency transactions are taking place. BeInCrypto has reported in June that France made a real estate sale that was paid €6.5 million in cryptocurrency. However, the Amero-Isatek land purchase would be the largest one until now. Perhaps the company’s plans to open physical exchange locations and the beaches bought will pay off and quiet down the voices that don’t believe Amero-Isatek is serious about business.

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