Recently Venezuela is one of the countries most creative and interested in the world of cryptocurrencies, especially for the alternatives that you are looking for your population to the strong economic crisis in the country. For this reason, it is not surprising that banks as BOD have decided to innovate in this aspect, offering services to mobilize cryptocurrencies.
Contents
BOD announced the launch of “So Crypto”
This bank has made a new update with the aim of creating a community of national users. The institution stated last February 14 through a press release that seeks to facilitate the mass use of the cryptocurrencies in Venezuela. For now, this turns out to be an unpublished decision for the venezuelan bank. However, BOD offered few details, not even released for when we can expect the launch of this update. A detail that if it is mentioned it is that customers will be able to refer you to other users with which to run frequent transactions in exchange houses licensed and legal in Venezuela. Nor is it mentioned if this will include operations with international platforms that allow the purchase and sale of Bitcoin and other cryptocurrencies with the local currency, the bolivar.
Liquidity and cryptocurrencies
Although not mentioned to the petro, the project criptomoneda of the national government, the bank itself speaks of living with the rules laid down by the Superintendencia Nacional de Criptoactivos and Related Activities (Sunacrip). A few weeks ago, we wrote about it, and you can review it here. In other words, the bank’s BOD would be adapted to the guidelines established by this regulatory agency concerning the operations and activities with cryptocurrencies. Among the new developments in Venezuela we have a little bit of the market of the cryptocurrencies has expanded in options, and now the banks want to adopt them officially. BOD has been a pioneer in this. In previous meetings between bankers and this regulator, the operators, participants complained. Mainly complained that a national bank is not allowed to make more than 14 transactions per day and that the limits in bolivars were low. Therefore, with what has been done by BOD is setting a precedent in this area. In addition, this week Bancaribe introduced a new service called “My Account in Forex”. This is a mechanism not paid in that users will be able to open accounts in foreign currency (us dollars) to deposit funds and withdraw them then. It is expected that the other banks in Venezuela are going to adapt measures as these to be able to overcome the obstacles that the current situation of the country it represents. Is that slowly the market is going and doing your thing, and little by little the users and institutions are forced to innovate. The following two tabs change content below. A degree in Liberal Studies from the Metropolitan University. Lover of innovation and a believer of the technology for the future.