Venezuela to Increase Use of Bitcoin to Pay For Imports

Venezuela plans to increase use of Bitcoin to purchase imports and bypass financial sanctions from the United States. According to insiders from the country’s central bank, “payments to companies from Iran and

Pizza Hut Venezuela Now Accepts Crypto

Pizza Hut Venezuela, one of the oldest restaurant chain, is now accepting bitcoin and other cryptocurrencies as payment. Accepting сrypto has been possible thanks to a partnership with Cryptobuyer crypto exchange. Customers

Venezuela to Collect Taxes in Petro

The Bolivarian Council of Mayors in Venezuela signed “National Tax Harmonization Agreement”, including oil-backed cryptocurrency Petro as a means to collect payments of taxes and sanctions. Delcy Rodríguez, the vice president of

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

Nicolas Maduro Orders Bank of Venezuela to Sell Petro

Venezuela’s President Nicolas Maduro has ordered the Banco de Venezuela (BoV), one of the nation’s largest banks to allow citizens to buy and trade El Petro, the state-issued cryptocurrency. “I give the express

Venezuela Sees Petro as World Oil Markets’ Cryptocurrency

Venezuela will present petro cryptocurrency to the Organization of the Petroleum Exporting Countries (OPEC) in 2019, believing the world oil markets to start using the crypto.‘Petro will become the digital currency of