Venezuela’s Biggest Retail Chains Now Accept Crypto

Venezuela’s biggest retail chains now accept leading cryptocurrency. Venezuelan citizens can now directly pay for goods or services through more than 20,000 PoS terminals across the country. Customers are able  to pay with Bitcoin, Ethereum, Litecoin, Binance Coin, Dash, and Tether.

Accepting сrypto has been possible thanks to a partnership between Cryptobuyer crypto exchange and local payments processor Mega Soft which connected some of Venezuela’s biggest retail chains. Merchants can immediately convert the crypto into fiat or store it in their Cryptobuyer accounts.

Supermarket chain Central Madeirense, EPA Hardware, Plaza’s Automercados, a movie theatre, and other large consumer goods stores have all signed up to accept the crypto-based payments. Companies like Samsung, Burger King, and Traki Stores already accept crypto in Venezuela via Cryptobuyer.

Merchants can immediately convert the crypto into fiat or retain it in their digital asset accounts held with the exchange.