Bitcoin and Mexico with Gustavo Flores

Gustavo Flores Echaiz joins Liam to discuss Mexico's financial history and why, in his view, about 90% of Mexican household wealth sits in physical assets, citing the 1982 bank nationalization, a 1,000 to 1 currency reset and the 1994 peso collapse. He shares his views on political power in Mexico, how Banxico regulates banks' crypto offerings, and how stablecoins may change that. He also describes what Aureo, a Mexican bitcoin company he works with, has built since its March 2026 launch. Liam and Gustavo discuss why AI has bitcoin developers focused on bug fixes, and La Casa de Satoshi in Mexico City. Views are the guest's own, not Onramp's.

Chapters

00:00 - Intro: Gustavo Flores Echaiz returns 03:17 - Bitcoin Optech: security fixes replace new features 07:33 - Lightning Bugs and Security Discussion 11:34 - Gustavo's path: Montreal, Bull Bitcoin, Wasabi and Aureo 14:12 - Gustavo on Mexican Household Wealth 16:59 - Bank nationalization, the 1994 peso crisis and a fintech boom 21:43 - Gustavo on Political Power and Bitcoin in Mexico 25:22 - Latin American Regulation and Banxico's Rules 29:43 - Gustavo on Stablecoins and Mexican Policy 32:28 - Aureo one year on: buying, selling and OTC 36:21 - Aureo's Bank Transfer Feature 39:28 - Aureo's Business Accounts 46:06 - Education, banks and what Mexican investors ask now 48:51 - La Casa de Satoshi: Mexico City's Bitcoin hub 52:48 - Aureo research and tools