Venezuela

Venezuela

Markets

Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch

For many of these bitcoin users, crypto payments are merely a last resort and fiat transfers are still generally easier.

Venezuelan Bolivars and U.S. dollars.

Markets

Venezuela's Maduro Mandates Petro Use in Funding of Housing Project

Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative.

Maduro via gov site

Markets

Venezuelan Pharmacy Chain to Accept Cryptocurrency Payments

The Farmarket pharmacy chain in Venezuela will begin accepting payments in dash using a new point-of-sale system pilot project.

Venezuelan flag (Shutterstock/Modified by CoinDesk)

Markets

PundiX's Crypto Cash Registers Will Be Installed in 49 Retail Stores Across Venezuela

Traki department stores will integrate Pundi X’s point-of-sale device, XPOS, to offer a cryptocurrency payment rail for shoppers.

bitcoin, map

Markets

Despite CEO Claims, Dash Isn’t Really the 'Most Used' Crypto in Venezuela

Despite wide-spread efforts and expensive advertising, Dash isn't taking off in Caracas.

Dash, chart

Markets

Venezuela Turned Airport Taxes Into Bitcoin to Avoid Sanctions: Report

The Venezuelan president and his administration are said to be using proceeds from the airline industry – and cryptocurrency – to avoid sanctions.

maduro, cryptograffitti

Markets

Venezuela's Maduro Orders Top Bank to Make Petro Available to Public

President Maduro has ordered the Bank of Venezuela to open public counters for his controversial cryptocurrency, the petro.

President Nicolas Maduro

Markets

This Artist Explores the Art and Politics of Crypto Culture

The crypto artist has worked with Dorian Nakamoto and recently expanded his reach into South America.

Screen Shot 2019-07-02 at 2.35.29 PM

Markets

Cuba Eyes Cryptocurrency as Solution to Sanctions, Financial Woes

Cuba has announced it is considering the use of cryptocurrency in order to bolster its finances amid U.S.-led sanctions.

Cuba graffiti

Markets

A New Bitcoin Exchange On the Colombian-Venezuelan Border Will Help Refugees

Refugees can use a new POS to purchase goods, food, and services when they leave Venezuela.

(Shutterstock)