15 October, 2020
One of the most constant doubts about the use of cryptocurrencies in the country is how to pay with Bitcoin in Venezuela. However, in order to start explaining this, you have to start by understanding some basic concepts.
Bitcoin emerged from the need for a currency that wasn’t controlled by a central authority. One that could be used to pay for goods and services.
First, people used it for pizza (not a very wise decision). Today, Bitcoin can get you much more than a slice of pepperoni.
Transparency in the Blockchain
Blockchain technology makes processes, like how to pay with Bitcoin, transparent. All transactions are recorded in a publicly distributed ledger. In other words, anyone can find a transaction there. But… is it enough to guarantee the security of the payments? Short answer: No.
If you transfer $100 from your bank account to an unknown seller, you are taking a risk. The same logic applies to digital currencies.
However, there is a difference. Fiduciary money transfer is not a simple process, as the money usually moves through a complex network of intermediaries until it reaches its final destination.
That payment window gives you the ability to block or cancel a transaction if something goes wrong. With Bitcoin, there are no intermediaries and the transactions go directly to the other end.
In the United States and many parts of Europe, you can pay with crypto-currency in almost any store. Although there are many retailers that don’t directly accept crypto-currencies, you can use an alternative Bitcoin payment method such as a debit card to convert BTC into cash whenever you need it.
What about Latin America?
Paying with Bitcoin in Latin America works on the same principle, that is, as long as the merchants receive payments in Bitcoin or other crypto-currencies, it’s possible to do so. The popularity of cryptocurrencies in Latin America has a growing trend; more and more merchants are offering this payment method.
How to Pay with Bitcoin in Venezuela
Everything revolves around usability; a topic that with the great cryptocurrencies until now seemed to lack an effective solution.
However, to solve the problem, there are platforms that have more than enough efficiency, such as the App Web Service (AWS) CRIXTO.
CRIXTO is a digital platform for making payments in cryptocurrencies. It is specially created to be used in Latin America, however its horizons are expanding. Users can make payments in Bitcoin, Ethereum or Litecoin.
Affiliated commercial establishments will receive dollars, euros or legal tender directly in their bank accounts. CRIXTO will automatically do the conversion and payment.
Using crypto is very easy with CRIXTO. You can make your payments using your Smartphone in an easy, fast and efficient way. In addition to all this, the platform is capable of ensuring the integrity of your crypto currencies.
You will be able to make recharges from any Wallet in the world, where you have your cryptocurrencies. You can also change your crypts to dollars and reserve them in our platform for a future purchase. Among the acquisitions you could make are all the legal goods available such as cryptocurrencies.
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