Political Drama: The Canceled Meeting and Its Fallout

The recent cancellation of a meeting between Mexican President Enrique Peña Nieto and American President Donald Trump sent shockwaves through both countries. The cancellation was largely influenced by Trump’s wild plans to build a border wall funded by a hefty tariff on Mexican imports. This decision had immediate implications for the highly popular cross-border remittance service: Western Union.

The unexpected news caused Western Union shares to tumble, leaving many wondering if traditional finance is becoming more like a toddler at a candy store—hard to predict and prone to tantrums. In a country where families heavily rely on remittances for their everyday necessities, the effects are magnified.

Market Reactions: Short-Term Panic, Long-Term Welfare

Marco Montes Neri, an expert in cross-border payments, suggests that the tantrums might not last. He believes that markets are easily swayed by presidential tweets and speeches, but when it comes to actual legislation, things take a completely different turn. “Talk is easy,” he stated, highlighting that much of Trump’s rhetoric will ultimately have to pass through Congress, where the game changes considerably.

This, he argues, may lead to markets calming down once the immediate shock subsides.

The Ironic Fate of the Wall: Enter Cryptocurrency

Amid this chaos, Robert Genito, CEO of Wall of Coins, chimed in with a quip, noting that while Trump is determined to fund a border wall, the real funding will actually come from a ‘Wall of Coins’. Genito believes cryptocurrency could eventually shift the financial landscape away from today’s political strife, rendering political moves irrelevant.

“I don’t follow up with politics. All I care about is crypto,