Interview: Bitcoin In Venezuela With Javier Bastardo

On the "Bitcoin Magazine Podcast," Javier Bostardo of Satoshi en Venezuela discussed the failing of his country's economy and hope for Bitcoin. The post Interview: Bitcoin In Venezuela With Javier Bostardo appeared first on Bitcoin Magazine.

While technological innovation is seldom heard of in the restaurant industry, New York City-based entrepreneur Javier Dutan saw a chance to innovate using Bitcoin. Dutan is CEO of Novaux, a restaurant point-of-sale (POS) system with Bitcoin at its heart. Dutan saw a clear opportunity in the NYC restaurant business, which has over 22,500 restaurants, most of them using point-of-sale systems that charge varying but unanimously high bank fees and charges. He realised that Bitcoin could be just what the restaurateurs needed. The stress of running a restaurant in New York City has certainly not....

President Nicolas Maduro stated that Venezuela was a pioneer in cryptocurrency adoption in Latam in an interview with Bloomberg last week. Venezuela is still one of the first cryptocurrency volume movers in South America. However, the petro token, its official cryptocurrency, has failed to pick up steam in national and international markets. President Nicolas Maduro Reaffirms Venezuelan Pioneer Status in the Cryptocurrency Field Venezuelan President Nicolas Maduro reaffirmed the pioneer action that Venezuela had on crypto adoption in Latam. The statements were given during an interview....

So far, three Bitcoin exchanges have established themselves in Venezuela. SurBitcoin is by far the biggest, whereas Yabit and Cryptobuyer are relatively new on the scene. Bitcoin remains one of the most popular commodities in all of Venezuela. The country is plagued by hyperinflation, and consumers have very restricted access to financial assets. Bitcoin provides an excellent opportunity to hedge against further inflation of the Bolivar, as well as invest in the future. The month of July has been a particularly good one for Venezuela. The number of transactions per week continues to....

All Pizza Hut locations in Venezuela now accept a broad range of cryptocurrencies, including bitcoin, via the payment platform Cryptobuyer. Pizza Hut joins Burger King, Intercontinental Hotel, Traki, and several other major stores in Venezuela that accept bitcoin. Pizza Hut Accepts Bitcoin Cryptobuyer announced on Friday that all Pizza Hut restaurants in Venezuela now accept cryptocurrencies, including bitcoin. The company wrote: From today, you can share with your family and pay with cryptocurrencies … in any of the Pizza Hut restaurants in Venezuela. The announcement adds that....