Venezuela Airport accepting Bitcoin

[Lucius]

We can discard the news out rightly simply because the country has an economic crisis, even the highly developed countries also suffer an economic crisis and inflation. But despite that, some citizens still use the airport for travel and business, which makes it important for Bitcoin to be adopted since it can help as an edge over inflation.

Compared to the rest of the world, Venezuela is in a far more difficult situation than some kind of crisis caused by a pandemic. The sanctions under which both the extremely corrupt and incompetent government find themselves have pushed the country to the very bottom of world economies. The data show that this airport is practically focused only on flights with neighboring countries (with a few exceptions), and that Bitcoin as a payment option does not mean that the residents of that country will actually use it.

Most of them live in extreme poverty, and the minimum monthly wage is less than $10.

[leea-1334]

Of course, if they return to BTC it is proof alts cannot really provide a good use case but let us see how this develops.

Sure Venezuela did some shady shit in the past but let's give them the benefit of the doubt. Maybe they will correct their mistakes and maybe they become even a bigger bitcoin supporter than El Salvador. Maduro will make this right imo. He has all that oil which he cannot export and bitcoin might be the key to the freedom. Imagine trading oil for bitcoins. That would fuck usd right in the azz.

Agree my friend,,, I think one of the bad things about my experience short as it may be in crypto is that I have become much too skeptical for my own liking. Everything is viewed with suspicion and with pessimism.

But you are right. Venezuela has been in deeper trouble than El Salvador, maybe even now he learns his own mistakes with random alt blockchain and realizes he can bypass sanctions with BTC. That would definitely eff up USD.

[RILWAN]

Crypto adoption is on the rise and many countries are considering adopting and regulations which is one of the set back of government and decentralized currency adoption because they can't control it neither can they regulate but some countries are already adopting Bitcoin as a legal tender.

[YOSHIE]

Simón Bolívar Airport which is an international airport in Venezuela is working on modalities to start accepting Bitcoin.

That's good news, especially in Venezuela, We know Venezuela is a country that is very concerned about the economy, because Bitcoin is so well received there, they were able to recover from the economic woes slowly but surely.

I believe that one day Venezuela can become a super country in every way, especially in Bitcoin adoption, what's more with the existence of a regulatory system at the airport Bitcoin users can pay directly with Bitcoin, an convenience for the Venezuelan people.

I read more here:Bitcoin Daily: Venezuela's Simon Bolivar Int'l Airport to Accept Crypto for Flights; BitPay, Wix to Team on Crypto Payments about the news.

[watergold]

Other good news from Bitcoin.
But actually I am not too excited with this because the longer and the growing age, this will exist and maybe in the coming months there will be other airports that follow.
But this will certainly be a dilemma for local banks because we know that so far the airport is always affiliated with local banks and with the arrival of this automatic bitcoin will be disrupted.

[Fesatmas]

I hope you drop a link that we can review, because speculation alone is not enough. Because I want to read the whole news.

I just made a search and found it. Visit the link below to read the news on Cointelegraph.
Venezuelan international airport to accept Bitcoin payments: Report

To OP:
As mentioned by Fesatmas, it would better to share the link when posting such contents, so readers can have more information about what you are talking about.

Mehn! This is amazing! The everyday-adoption is just making it interesting and even more. If the news continues just as positive as this, in no time, we'll have people understand that there are some other cool features aside the volatility of Bitcoin. And this will only keep creating an avenue for other businesses to reconsider and accept Bitcoin as a payment option.

On the other hand, this is indeed a positive news, but on the other hand, the negative side is that the Venezuelan government is avoiding economic problems that they should solve first rather than start over. Even though Bitcoin is a solution, if it is based on linking the airport alone it will not completely fix the problem of the severity of the economy which continues to soar badly from year to year.

Then from a macroeconomic perspective, most Venezuelans prioritize leaving their country and looking for work abroad. For example in my place there is a group of Venezuelan immigrants who have lived here for almost 2 years without any reason to return to their country. The problem that makes them not want to return is the level of income which is much less which cannot cover their needs there.

So the Venezuelan government must not walk away from its responsibility to solve the problems they have started.

[taufik123]

The acceptance and introduction of payments using digital cryptocurrencies is an advancement that signifies the commitment of airlines to move towards international standards and encourage the adoption of digital currencies, to be better with more payment options. The crypto payment option will benefit tourists including tourists from Russia.

With the start of crypto adoption on Venezuelan airlines, it will certainly affect airlines in other countries. this is good news for bitcoin to be more and more known.

[zaesvlas]

I see that a new race is slowly beginning - who will be the first to introduce the possibility of bitcoin turnover. The most interesting thing is who is on the leaderboard now.

[BIN-BIN]

I see that a new race is slowly beginning - who will be the first to introduce the possibility of bitcoin turnover. The most interesting thing is who is on the leaderboard now.

Some leaders are already turning over to Bitcoin and have positioned their country in such a way that they will benefit from the many possibilities that come with Bitcoin, a good example of such leaders is the president of Venezuela who is currently storing the nation's Treasury in Bitcoin.

[DarkDays]

I hope you drop a link that we can review, because speculation alone is not enough. Because I want to read the whole news. Somehow they accept Bitcoin, while the economic development is getting worse, so would it really work if one of the airports accepted Bitcoin payments.

Just one quick search already revealed that this information has made headlines. Indeed, Venezuela's airport announced its preparations fro accepting BTC, link here.

Though at this current moment there is no mention about the economic instability in the whole of the country, just that it is looking at it but still given the economic struggle I'd imagine this would take years to implement if it really was to go ahead 

[Leadingweb]

Speaking of Venezuela... Whatever happened to their other digital token launch? They said they'd launch a petro-token giving people ownership of the oil, freeing up capital for the regime.
Now this..Forgive me, but I don't believe anything coming out of that regime's mouth. 

[Fesatmas]

I hope you drop a link that we can review, because speculation alone is not enough. Because I want to read the whole news. Somehow they accept Bitcoin, while the economic development is getting worse, so would it really work if one of the airports accepted Bitcoin payments.

Just one quick search already revealed that this information has made headlines. Indeed, Venezuela's airport announced its preparations fro accepting BTC, link here.

Though at this current moment there is no mention about the economic instability in the whole of the country, just that it is looking at it but still given the economic struggle I'd imagine this would take years to implement if it really was to go ahead 

That's what I also think, that it's too early for Venezuela to be able to stabilize its economy. They take a long time and indeed this is a sustainable stage or Venezuela will just miss and have no economic direction going forward. They have many tasks that must be completed, especially the government which if possible should be overhauled and put forward the goal of improving infrastructure development as a whole.

[avikz]

As the level of Bitcoin adoption gets bigger and better, in a short time from now Bitcoin is going to be accepted for payment for tickets and another airport terminal payment.
Simón Bolívar Airport which is an international airport in Venezuela is working on modalities to start accepting Bitcoin.

Venezuela is struggling with hyperinflation. The value of Bolivar is at all time low. The president of Venezuela tried to fix this issue by launching a petrol backed cryptocurrency called petro which didn't work out. So what Venezuelan airport is doing, is for survival and nothing else. They need something valuable in order to keep the business ongoing. So bitcoin is a wise choice for them as a survival plan if executed well.

So this is not granular level adoption, rather just good business sense!

[BIN-BIN]

As the level of Bitcoin adoption gets bigger and better, in a short time from now Bitcoin is going to be accepted for payment for tickets and another airport terminal payment.
Simón Bolívar Airport which is an international airport in Venezuela is working on modalities to start accepting Bitcoin.

Venezuela is struggling with hyperinflation. The value of Bolivar is at all time low. The president of Venezuela tried to fix this issue by launching a petrol backed cryptocurrency called petro which didn't work out. So what Venezuelan airport is doing, is for survival and nothing else. They need something valuable in order to keep the business ongoing. So bitcoin is a wise choice for them as a survival plan if executed well.

So this is not granular level adoption, rather just good business sense!

It is because of the quest to finding a lasting solution to the economic problem facing the country that is why the government of Venezuela has decided to adopt Bitcoin to help strengthen the economy and also serve as a means for job creation for its growing population.

[Lucius]

Some leaders are already turning over to Bitcoin and have positioned their country in such a way that they will benefit from the many possibilities that come with Bitcoin, a good example of such leaders is the president of Venezuela who is currently storing the nation's Treasury in Bitcoin.

Where is the source of that news? I personally haven't read anywhere that something like this happened in that country, and you should think a little about what you're writing - because you're posting inaccurate information.

Here's some good news for you -> Venezuela replaces national currency with bitcoin

Let's see how many experts will be hooked on this April joke.

[DdmrDdmr]

Venezuela does have a National Criptocurrency Treasury (see https://www.tcv.com.ve/), but it is more related to finding ways that the government of Venezuela can use to bypass sanctions through crypto. Due to this, likely Venezuela does hold some bitcoins, although I have not been able to find any information that details any of these BTC holding, if they indeed do exist.

I wouldn’t precisely expect too much transparency here though, nor would I expect the holdings to be significant. I’d even hypothesize with their being more shifted over to personal pockets than in control of any national treasury over there.

[stompix]

That's good news, especially in Venezuela, We know Venezuela is a country that is very concerned about the economy, because Bitcoin is so well received there, they were able to recover from the economic woes slowly but surely.

When the ...did that happen?
Venezuela introduces new currency, drops six zeros

Extreme poverty in Venezuela rises to 76.6% - study

Around three-fourths of Venezuelans now live in extreme poverty as the once-prosperous OPEC nation's hyperinflationary economic collapse continued for a seventh straight year, according to a study published on Wednesday. Espana said that beyond the loss of purchasing power, the lack of employment has led to boredom, adding that Venezuela's public sector pays poorly, as the country's minimum wage hovers around $3 a month, and the country's private sector is small.

Let me translate this into BTC numbers.
It takes 20 000 Venezuealean minimum wages to buy a Bitcoin. It takes 150 Bulgarian minimum wage to buy a BTC. It only takes 30 French minimum wages to buy a BTC. Now how many poeple in Venezuela do you think afford to invest something?

I believe that one day Venezuela can become a super country in every way,

Right after the Vatican becomes a nuclear power, Nauru builds its first space destroyer, Andorra conquers Finland and Elvis Presley is found alive.

[Pejoh Asu]

This is good news because bitcoin can be used for transactions directly without having to exchange to fiat, it has been proven that blockchain and bitcoin transactions are more effective so they are feasible to use directly like at the airport.

[stadus]

Venezuela is a country that is affected by a high inflation rate, in short, this country is struggling economically and therefore it's great news that they will allow more adoption of bitcoin and crypto in their country. Every time we hear some good news about a certain country starting to use bitcoin, we are optimistic that it would result in a better future, not only for the country but for crypto as a whole.

[Woodie]

Venezuela never disappoints when it comes to making the right crypto news. Now they have the aviation industry accepting crypto (bitcoin) which brings it closer to other countries as they are likely chances of where the planes go to or come from will have a bitcoin merchant that will be a place of exchange which means air bitcoin is going places. Am just hoping that the crypto is being used for legal stuff and not being used to paint a bad image of it.