The U.S. might prohibit Visa, Mastercard and other financial institutions (FIs), such as SWIFT, from processing transactions in Venezuela. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
The launch of a new payment system in Venezuela hasn’t gone smoothly, with citizens facing long lines for gasoline in border states. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
As Venezuela struggles with hyperinflation and its currency reaches record lows, the country has reportedly sold $735 million of its “petro” cryptocurrency during day one of its presale. Yet Venezeula’s President, Nicolas Maduro, did not present evidence backing up that figure — or offer details...
Venezuelan President Nicolas Maduro has vowed to back the national cryptocurrency, Petro, with the country’s natural resource reserves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
April 29, 2024
Venezuela is reportedly expected to increase its use of cryptocurrency when the United States reimposes oil sanctions on the country beginning June 1. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By […]
March 15, 2019
The U.S. might prohibit Visa, Mastercard and other financial institutions (FIs), such as SWIFT, from processing transactions in Venezuela. Get the Full Story Complete the form to unlock this article and...
September 05, 2018
The launch of a new payment system in Venezuela hasn’t gone smoothly, with citizens facing long lines for gasoline in border states. Get the Full Story Complete the form to...
December 29, 2017
Venezuelan President Nicolas Maduro has vowed to back the national cryptocurrency, Petro, with the country’s natural resource reserves. Get the Full Story Complete the form to unlock this article and...
