Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela
Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will allow users to make payments in every store and retailer in the country that accepts Pagomovil, a banking service that allows seamless fiat transfers between banks in the country. Coincoinx to Ease Crypto Payments in Venezuela While cryptocurrency is slowly going mainstream, becoming more popular in many locations around the world, there are still many retailers and service providers....
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The government of Venezuela is considering a new redenomination of its fiat currency. The proposal that is under study would cut six zeroes from the inflation-affected Bolivar. This would aid companies in processing taxes and provider payments that are absurdly complex with today’s numbers. However, the dollar is the predominant coin in retail payments in Venezuela, according to consulting firms. Venezuela to Redenominate Its Currency The government of Venezuela is studying a mathematical redenomination of its currency, the sovereign bolivar, to simplify payments for big companies.....
Bitbase is a cryptocurrency store and ATM company which has now decided to launch its ATM operations in Venezuela this year. Bitbase is currently planning to hire employees for its stores and the crypto ATMs that are to be introduced. This could make the ATM company one of the first international exchanges that have planned […]
SurBitcoin is back in business after suspending its fiat operations for few days due to banking issues. The Bitcoin community in Venezuela has something to cheer about while the fiat economy continues to falter. The largest Bitcoin exchange in the country, SurBitcoin is back in its full operational capacity. SurBitcoin, the Bitcoin exchange operated by BlinkTrade in Venezuela had run into some troubles with its banker, Banesco Bank after the latter froze its business account earlier this month. The loss of banking access had forced the Bitcoin exchange to temporarily halt fiat operations....
Leading cryptocurrency exchange Binance has announced the launch of its own payments processing company, Bitfinity. Bitfinity will act as the default fiat-to-crypto payments ramp for the exchange, as well as for other blockchains. With this launch, Binance also targets the expanding Web3 economy, partnering with Paysafe and Checkout.com.
Bitfinity Launches to Help Merchants Accept Crypto
Binance, one of the largest exchanges by volume traded, recently announced the launch of Bitfinity, its own payments technology company. Bitfinity will become the de facto fiat-to-crypto payments....
Decentralized finance (defi) is allegedly coming to Venezuela after a recent decree from Venezuelan President, Nicolás Maduro and the United Socialist Party of Venezuela. The government recently introduced a defi platform called BDVE that purportedly provides Venezuelan citizens with the means to swap ERC20 tokens in a noncustodial manner. For quite some time now Venezuela has had to deal with strict economic sanctions. President Nicolás Maduro spoke about these sanctions in a new mandate called the “Anti-blockade Law for National Development and the Guarantee of Human....