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Venezuelan Bolivar Trading Volumes on LocalBitcoins Hits New Record High

The volume of Venezuelan bolivars traded against Bitcoin (BTC) on the LocalBitcoins platform another all-time high last week amid rampant hyperinflation in the country.According to Bitcoin statistics website Coin Dance, bolivar volumes on peer-to-peer exchange LocalBitcoins exceeded 209 billion during the week ending Dec. 14.The new all-time high comes

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Venezuelan Exchange Rolls Out Crypto Debit Card with Petro Support

Two Venezuelan companies have partnered to release a cryptocurrency debit card and point-of-sale (PoS) system.“Crypto transfer device” supports four currenciesAccording to a social media release by state-sanctioned exchange CriptoLAGO on Oct. 1, the joint offering with so-called “investment cryptobank” Glufco is already taking orders. Translated part of the announcement

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Venezuelan Official Says Remittance Platform for Petro is Ready to Use

National Superintendent of Cryptoactives Joselit Ramírez has announced that crypto remittance platform Patria Remesa is live and functioning.Radio announcement about the platformThe Bolivarian Government of Venezuela reported the news on Aug. 27. According to the report, Ramírez said that Patria Remesa was ready for use on a radio show

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