Venezuelan Airport To Accept Payment In Bitcoin
October 18 2021 - 5:00PM
NEWSBTC
One of Venezuela’s major international airports is making
preparations to start accepting Bitcoin as a mode of payment. The
Simón Bolívar International Airport has announced arrangements for
BTC, DASH, and Venezuela’s oil-pegged crypto token – petro – for
airport services. Preparations To Adopt Cryptocurrency As Payment
Previously, Venezuelan regional news broadcasting company, El
Siglo, reported that country’s largest international airport is
interested in cryptocurrency as a payment method. Venezuela’s
international airport giant, Simón Bolívar International Airport
also called “Maiquetia” has announced its interest in using
cryptocurrency for payments. The enormous airport is located 12
miles away from Venezuela’s capital Caracas. Related Reading
| Bank Of England Seeks To Strengthen Cryptocurrency
Regulations Freddy Borges, the director of the Maiquetia, stated
that as time transits quickly, Venezuelans should also evolve. He
also announced that the massive airport would be accepting numerous
digital currencies as a means of payment for flight reservations
and sundry other services. Additionally, Borges said that
Maiquetia’s administrators would soon release new payment methods
in collaboration with the country’s National Superintendence of
Crypto Asset and Related Activities. The adoption of digital
currency payments at the airport will mark Maiquetia’s commitments
towards improvements Internationally. He noted that this would also
rally cryptocurrency acceptance massively within the country and
worldwide. Furthermore, the executive added that foreign tourists
would take advantage of the crypto payments, including Russians.
Venezuelan Central Bank Digital Currency Currently, Venezuela is
experimenting on its Central Bank Digital Currency (CBDC), a novel
crypto-asset pegged to its national currency. The country also
launched a CBDC as a Venezuelan digital Bolivar on the 1st of
October. However, Venezuela’s central bank stated that the CBDC
wouldn’t be worth more or less than the national token but only be
used as a digitalized means of accessing the currency. BTC rises
past new highs | Source: BTCUSD on TradingView.com Beginning on the
1st of October, the CBDC was launched with one Venezuelan Bolivar
having an equivalent value in its digitalized form. Even banknotes
from 5 to 100 bolivars had their own digitalized equivalents. In
addition, the Petro token was deployed in February 2018 as one of
the country’s national digital currencies. Unlike the CBDC
currency, which is backed up by the Venezuelan national currency,
Petro is backed up by the nation’s oil. Companies That Accepted
Bitcoin As Payment Method In August 2021, the Venezuelan carrier
airport Turpial Airlines adopted a BTC-based payment option.
Meanwhile, Caracas Air, the country’s biggest aviation training
institute, offered their students discounts who paid via Bitcoin.
Related Reading | Bank of England Governor Still Isn’t a Fan
of Bitcoin Also, the food industry is not slacking behind in
accepting bitcoin, leveraging the crypto’s fame within the country.
For example, Pizza Hut began accepting Ethereum and Bitcoin
payments last year November. Even Burger King had adopted DASH and
Bitcoin as means of payment in January 2021 in over 40 of the
country’s restaurants. Featured image by Pexels, Chart from
TradingView.com
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