#Venezuela

Dec 12, 2020
2 min

Venezuela To Increase Its Use Of Bitcoin To Pay For Imports To Bypass Financial Sanctions Imposed By

A report by RunRun.es stated that Venezuela intends to increase its use of Bitcoin to pay for imports to bypass financial sanctions imposed by the United States. It has been reported that RunRun.es, which was founded by Venezuelan investigative journalist Nelson Bocaranda, cited anonymous sources from the country’s central bank who claim that “payments to companies from allied countries such as Iran and Turkey have been made using Bitcoin.” However, it is not clear what these

0 comments

CryptoBuyer Launches First Bitcoin Node Connected To Blockstream Satellite Network Within Venezuela

Crypto News Point

Sep 30, 2020
2 min

CryptoBuyer Launches First Bitcoin Node Connected To Blockstream Satellite Network Within Venezuela

CryptoBuyer, a Bitcoin services startup based in South America, has launched the first Bitcoin node connected to the Blockstream satellite network within Venezuela. It has been reported that the launch of the node will keep the Bitcoin (BTC) blockchain updated for Venezuela users without being dependent on a local Internet connection. However, AnibalCripto, a crypto training course provider, deployed the node while CryptoBuyer provided financial and logistical support. Anibal

0 comments

Crypto News Point

Jun 25, 2020
2 min

Venezuela’s Government Plans To Accept Bitcoin As A Payment Method For Passport Applications

Venezuela‘s government (Administrative Service for Identification, Migration and Foreigners, known as SAIME), has planned to accept Bitcoin (BTC) as a new payment method for some passport applications, as it has been reported by a Reddit post on June 23. News of the update soon reached Twitter, with some Venezuelan users abroad confirming the information. However, BTCLovera, a Twitter user, wrote: “I have just verified it personally and it is totally true. #Venezuela, the imm

0 comments

Cryptobuyer’s Alliance With Mega Soft To Drive Crypto Adoption Among Venezuela Enterprises

Crypto News Point

May 10, 2020
2 min

Cryptobuyer’s Alliance With Mega Soft To Drive Crypto Adoption Among Venezuela Enterprises

Panama-based cryptocurrency merchant-gateway startup Cryptobuyer announced a partnership with Venezuelan company Mega Soft, which processes payments for thousands of local businesses via its platform called “Merchant Server.” Over 20,000 shops and enterprises in Venezuela will reportedly start accepting crypto by June 1. This news comes as a part of an effort to drive crypto adoption in the hyperinflation-stricken country. Thanks to @Cointelegraph for the article about the #C

0 comments

Nicolas Maduro Says Venezuela To Pay Christmas Bonus To Retirees And Pensioners In Petro

Crypto News Point

Nov 18, 2019
1 min

Nicolas Maduro Says Venezuela To Pay Christmas Bonus To Retirees And Pensioners In Petro

Nicolas Maduro, the President of Venezuela, announced that the Christmas bonus of the country’s retirees and pensioners will be paid to them in the national cryptocurrency Petro. On November 17, it has been reported by Venepress, the local news outlet, that this particular instance is not the first time that Venezuela pushes Petro into the wallets of pensioners so far. #EnDesarrollo Maduro anunció "aguinaldo" para los jubilados y pensionados de medio Petro (a precio de hoy se

0 comments

Venezuelans Made Lightning-Savvy Hardware to Use Bitcoin During Blackouts

Crypto News Point

Nov 2, 2019
2 min

Venezuelans Made Lightning-Savvy Hardware to Use Bitcoin During Blackouts

Electricity crises have become an everyday problem for Venezuelans. It even inspired an open-source project the Locha Mesh initiative to enable private messages and payments without an internet connection. The project is developed by Venezuelan Randy Brito when he realized that crypto adoption was poor in the country due to poor internet infrastructure. Lack of Infrastructure and Low Crypto Adoption in Venezuela During the blackouts, people were using dollars not because they

0 comments

Central bank of Venezuela considers holding Bitcoin and Ether

Crypto News Point

Sep 27, 2019
2 min

Central bank of Venezuela considers holding Bitcoin and Ether

The Central Bank of Venezuela is considering the possibilities to hold Bitcoin and Ether in its coffers (balance sheets). The source was provided by an anonymous entity who “reportedly have direct insights into the matter.” On Sept 26th, a Bloomberg article reported that Venezuela’s Central Bank (BCV) is taking a closer look at whether it can have the possibly hold cryptocurrencies such as Bitcoin and Ether. Possibilities of holding Bitcoin and Ether Petroleos de Venezuela SA

0 comments

Follow Us On

mail@cryptonewspoint.com

Contact Us