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Author Topic: [2016-09-10] XAPO Enables Bitcoin Purchases In Venezuela  (Read 216 times)
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September 10, 2016, 06:41:20 AM

The company has enabled Bitcoin purchases through their website, for now, the minimum amount of bitcoins to be purchased stands at the $50 mark. Taking into account that the minimum wage in Venezuela is hovering the $50 per month mark one can realize that not everyone will be able to use Xapo’s services. However, users will enjoy the security and easy of mind that comes when dealing directly with a multi-million dollar Bitcoin startup can offer.

Xapo has opened a bank account with Banesco, the leading privately-owned Bank in Venezuela (most of the financial institutions were seized and nationalized by the government). Users will be able to send Fiat from any bank in the country to make deposits, a standard fiat wire takes about 1-2 business days to complete in Venezuela.

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