PYMNTS-MonitorEdge-May-2024

venezuela

Foreign Card Use Brings US Dollars Back to Venezuela
Foreign Card Use Brings US Dollars Back to Venezuela
June 13, 2024  |  International

Foreign credit card transactions are reportedly bringing more foreign currency into inflation-plagued Venezuela. That’s according to a report Thursday (June 13) by Reuters, citing four public sector...

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Venezuelan Opposition Politician Warns of Crypto Use for Money Laundering
Venezuelan Opposition Politician Warns of Crypto Use for Money Laundering
April 29, 2024  |  Cryptocurrency

Venezuela is reportedly expected to increase its use of cryptocurrency when the United States reimposes oil sanctions on the country beginning June 1. A Venezuelan opposition...

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BNPL App Cashea Grows in Venezuela Amid Pent-Up Demand for Credit
BNPL App Cashea Grows in Venezuela Amid Pent-Up Demand for Credit
December 01, 2023  |  Buy Now Pay Later

Buy now, pay later (BNPL) app Cashea is reportedly experiencing growth as it provides a much-needed solution to credit-starved consumers in Venezuela. The app has...

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Peru Embraces Stablecoins amid Political, Economic Instability
Peru Embraces Stablecoins amid Political, Economic Instability
September 01, 2022  |  Cryptocurrency

The interesting thing about reports that Peruvians are fast adopting crypto as a hedge against inflation and political instability, it’s that they’re doing so when...

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Bitcoin Daily: Venezuela’s Simon Bolivar Int’l Airport to Accept Crypto for Flights; BitPay, Wix to Team on Crypto Payments
Bitcoin Daily: Venezuela’s Simon Bolivar Int’l Airport to Accept Crypto for Flights; BitPay, Wix to...
October 12, 2021  |  Bitcoin

Simón Bolivar International Airport, which is Venezuela’s largest airport and also known as Maiquetía, will add bitcoin, Dash and Petro as payment options for clients...

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Bitcoin Daily: Venezuela Pizza Huts Now Take Bitcoin; $4.2 Billion In Cryptos Seized By China In PlusToken Investigation
Bitcoin Daily: Venezuela Pizza Huts Now Take Bitcoin; $4.2 Billion In Cryptos Seized By China...
November 29, 2020  |  Bitcoin

Pizza Hut will now accept cryptocurrency as a form of payment at its stores in Venezuela, Cointelegraph reported. Crypto merchant gateway firm Cryptobuyer announced in...

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Bitcoin Daily: Digital Currency Group Buys Luno Exchange; Venezuela Bars MercaDolar, Coinbase Access
Bitcoin Daily: Digital Currency Group Buys Luno Exchange; Venezuela Bars MercaDolar, Coinbase Access
September 09, 2020  |  Bitcoin

Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday...

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Bitcoin Daily: Venezuela May Collect Taxes In Crypto; Russian Agency Proposes AI To Track Crypto Transactions
Bitcoin Daily: Venezuela May Collect Taxes In Crypto; Russian Agency Proposes AI To Track Crypto...
August 12, 2020  |  Bitcoin

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. A group...

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Bitcoin Daily: FalconX Notches $17M In Funding; Venezuelans Now Can Use Bitcoin At POS Terminals
Bitcoin Daily: FalconX Notches $17M In Funding; Venezuelans Now Can Use Bitcoin At POS Terminals
May 18, 2020  |  Bitcoin

Digital currency trading platform FalconX has notched $17 million in an Accel-led funding round, CoinDesk reported. The funding will reportedly help with a larger trade...

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