venezuela

US Mulls Banning Visa, Mastercard From Processing In Venezuela
US Mulls Banning Visa, Mastercard From Processing In Venezuela
March 15, 2019  |  Latin America

The U.S. might prohibit Visa, Mastercard and other financial institutions (FIs), such as SWIFT, from processing transactions in Venezuela. Citing a senior Trump administration official, Reuters...

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Venezuelan Money Supply Rises Amid Protests, Uncertainty
Venezuelan Money Supply Rises Amid Protests, Uncertainty
February 05, 2019  |  International

Money supply in Venezuela is increasing faster than it ever has before, according to a report from Bloomberg. Currency supply in the country grew by...

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Bitcoin Daily: Venezuelan Petro Oil Sales To Begin In 2019; Retail Investors Flee Bitcoin’s Fluctuations
Bitcoin Daily: Venezuelan Petro Oil Sales To Begin In 2019; Retail Investors Flee Bitcoin’s Fluctuations
December 09, 2018  |  Bitcoin

Venezuela is finally getting ready to transition to the petro for oil sales next year. Last year, the country launched its own cryptocurrency that will be...

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Venezuela Ex-Treasurer Sentenced For $1 Billion In Bribes, Gets 10 Years
Venezuela Ex-Treasurer Sentenced For $1 Billion In Bribes, Gets 10 Years
November 27, 2018  |  Security & Fraud

The former national treasurer of Venezuela was sentenced to 10 years in prison on Tuesday (November 27), Reuters reported. Alejandro Andrade, who for four years...

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Bitcoin Daily: Venezuela Requires Crypto Payments For Passports; Seoul To Create $108M Blockchain City
Bitcoin Daily: Venezuela Requires Crypto Payments For Passports; Seoul To Create $108M Blockchain City
October 08, 2018  |  Bitcoin

In Venezuela, citizens reportedly now need to use the country’s new Petro digital currency to pay for passports, Coindesk reported. A new passport will now...

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Faulty Venezuelan Payments System Creates Delays, Chaos
Faulty Venezuelan Payments System Creates Delays, Chaos
September 05, 2018  |  International

The launch of a new payment system in Venezuela hasn’t gone smoothly, with citizens facing long lines for gasoline in border states. According to Reuters,...

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Petro Crypto Will Fund Housing In Venezuela, Indian Political Party Accused Of Bitcoin Scam
Petro Crypto Will Fund Housing In Venezuela, Indian Political Party Accused Of Bitcoin Scam
July 06, 2018  |  Bitcoin

Venezuela’s Petro cryptocurrency will be used to fund housing in the country, The Next Web (TNW) reported. According to reports, more than 30 businesses are working...

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Venezuela Prepares For Payments Chaos With Currency Overhaul
Venezuela Prepares For Payments Chaos With Currency Overhaul
May 29, 2018  |  International

Though critics are saying Venezuela’s monetary overhaul will create chaos, the country’s president warned businesses not to slow operations during next week’s overhaul. According to...

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Letting The Air(TM) Out Of Venezuelan Hyperinflation
Letting The Air(TM) Out Of Venezuelan Hyperinflation
May 04, 2018  |  Latin America

Hyperinflation has driven the Venezuelan Bolivar to near uselessness. How are individuals supposed to save and manage money when their currency is hemorrhaging value? AirTM...

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