Topic: Venezuela Airport accepting Bitcoin (Read 625 times)

Here is one more proof that BTC continues and will continue its development and implementation in all spheres of man. Yes, this is probably not happening as fast as many of us want, but we have to admit that this is happening and we can see it with our own eyes. However, for a greater implementation of BTC, a lot of work still needs to be done, which means that each of us still has time to become holders of BTC right now, the main thing is not to miss this opportunity, so as not to blame ourselves for a missed opportunity later.

more and more people recognize bitcoin, of course, it has a very positive impact that will be obtained from bitcoin itself and for other altcoins.
I agree that the adoption of bitcoin that will be carried out by many countries in every transaction will clearly have a positive impact that will be accepted by that country, but they also must not be careless and rules must be made so that no abuse occurs with bitcoin because of the nature of bitcoin itself which cannot someone controls.

Bitcoin adoptions are now starting to occur in lots of areas in the world and it's beneficial to Bitcoin as well as the users. Venezuela is one of the countries that needed Bitcoin the most and being accepted by huge businesses will surely affect the country's economy positively.

Venezuela needed that, I mean, their country is struggling, so they should allow investments and people to use more options in the transaction as no one would carry a huge volume of cash with a small value of Venezuelan bolívar when they like to travel, this would contribute to the adoption of crypto worldwide, so let's hope that the government of Venezuela will try to follow El Salvador who is very crypto-friendly and even legalized the use of bitcoin as a legal tender.

And travala doesn't have most of the (few) airlines that still operate here. Heck, most of the traditional major online "cheap ticket" web pages don't cover them either which is why for foreigners it looks like some sort of black hole. Its not, but the trick is you have to go to the airline homepage directly and skip those 3rd parties.

For example search Caracas <-> Port of Spain in those online services, very likely you will find either nothing or some horribly expensive with like 3 or more connections. In reality there are at least 3 airlines doing direct (1hr) flights, including the T&T flag airline Caribbean. I don't know how it is for other parts of the world, but those services "cheap flight tickets" websites are useless here.

A bunch of those airlines are State owned, such as those from Cuba, Iran and Turkey, add in Venezuela and its all fun with US sanctions, which could be a reason those online web services can't even touch them. Technically the EU also joined the sanctions so there is that.

Example travala says you need 1500 USD for the aforementioned example. In reality, you can do it with 100 USD to 400 USD. Same thing Caracas <-> Asunción, travala says 2500 USD but go straight to the same airline web page, and in reality its just 600 USD.

To pay directly to each airline you do it either at their own webpage, or at the airport. Is the gov doing pay processing? I don't know. I may try it soon, but its usually easier to simply exchange into fiat and do a bank wire transfer, at least for locals. But i can see this as a good alternative for foreigners who didn't bring enough cash for whatever reason (its too dangerous anyway, less cash is better).

This is a good promotional step for Venezuela, the increasing number of active bitcoin users makes anyone want to transact directly, and I'm sure this step will be followed by many other airports so that bitcoin users are more comfortable.

This is good news for bitcoin users, more and more bitcoin adoption and can be used for direct transactions, I hope more international airports accept bitcoin so that transactions are easier so foreigners don't have to go to money changers.

People in Venezuela are looking for another ways to trade with each other that don't include their national currency, bolívar, that is one of the most devalued of the world, together with boliviano currency from Bolivia and real currency from Brazil. I believe what we see now in Venezuela is just the beginning, soon the entire latin america with rare exceptions will be using bitcoin for daily transactions, so people can preserve the value of their money.

(Last year, announcements of fast food chains like Burguer King accepting bitcoin as payment method in Venezuela were spread across the internet, so as we can see the idea of the airport adopting the crypto currency must have came from somewhere...)

I won't see it as a challenge to those countries for as there can still key into the economic advantage of using Bitcoin, Venezuela has always been on the front row when it comes to cryptocurrency adoption, and seeing an airport accepting Bitcoin in Venezuela is amazing and go a long way to show how Bitcoin adoption has grown in that region.

This will be a great a challenge to countries that are not yet accepted Bitcoin. They will be surprised that no matter there pressure, bitcoin is still be accepted continuously wearing there thought. I know the Chinese government will be disappointed with this and making there plans to be out of consensuship. Let's ride it to the moon as bitcoin is planning to get to $70k.

Not many of them will use bitcoin because I think they will think that if they hold bitcoin in their wallet, they can make a big profit when the price increases. Maybe it needs to explore more coins to search what coins will be used to pay in the airport or other places to hold their bitcoin and only sell when the price increases. People will do that if they realize how worth bitcoin will be in the future and they will not spend their bitcoin for buying something or paying something.

Venezuela has the highest inflation rate in the world and US sanctions have lasted for years. The Venezuelan economy is really dying, bitcoin is their best option at the moment. As well as how Venezuelans choose bitcoin as a way of making money to survive when their bolívar depreciates. I don't remember exactly where I read on this forum, there have been a lot of Venezuelan users on the forum confirming that since using bitcoin their life is better than ever.

since the crisis experienced by venezuela first, they then imposed bitcoin. with this news means that venezuela is also legalizing bitcoin as a means of payment, and it means the country is starting to think about the economy going forward. we are waiting for this to be done by developed countries, so that it has a big effect

Bitcoin has been accepted by quite a lot of institutions and organizations in the past one year, it is definitely more than a step forward towards mainstream adoption, but governments are yet to consider Bitcoin, and I presume it's because of how impossible it is for them to control it just like they do with their fiat and will do with their CBDC, thus Venezuela making Bitcoin a legal tender isn't something to expect, it could happen, but it's highly unlikely to; I know El Salvador did make Bitcoin a legal tender, but it's improbable that other countries will join El Salvador on that path just yet.

I think bitcoin is used to protect themselves from the effects of inflation which actually they are starting to not care about the state of the economy in that country. Considering that instead of having to maintain their income with local money payment methods which are continuously depreciating, they will not survive.

Also, this reason makes more sense.
Localbitcoins statistics show that the Venezuelan public's interest in cryptocurrencies has increased drastically since 2020.

source: https://news.bitcoin.com/venezuela-numbers-cryptocurrency-adoption-factors/

No matter how bad the inflation rate, the company does not want to lose customers and will follow the mainstream, especially aligning customer interest with the new payment system.

You should link your source as this will help others to know more about it. Anyway, this was expected. Not surprised a bit. Based on how messed up their current economy and their currency is, bitcoin is actually their best option right now. The sanctions are also making it hard for Venezuelans, and bitcoin being borderless and decentralized makes it easier for them to make cross border transactions. Didn't their own government make a new crypto called Petro which is backed by oil? As far as I know most people think that the coin is all sham and actually backed my nothing.

every day we see more and more adopting bitcoin, a good first step that Venezuela took to introduce bitcoin to all its citizens by starting at the airport. hopefully next year Venezuela will soon make bitcoin as a legal tender there.

Well given that their local currency isn't really of value, it makes sense that some major industries take up on bitcoin payments more seriously than ever. It would be interesting to see how they'd deal with bitcoin's volatility, since that area remains unchecked and one that keeps most industries from accepting bitcoin payments on their platforms.

Also with the recent price movement of bitcoin, I doubt people who has it would be willing to pay in bitcoins anyway, but at least that option is already available in Venezuela when you need to take a plane ride somewhere.

this is great. little by little, the world started accepting bitcoins. after El Salvador, this time Venezuela. although still limited to the airport, but it is a very good step. started from the airport, then entered the domestic private sector, and developed there. I hope other countries will accept bitcoin too. little by little, bitcoins spread. I can't wait for more good news. looks like, by the end of this year there will be a lot of good news that will appear

I keep asking myself:

who has bitcoin and will take it to the airport in venezuela instead of holding and earning 2X profit? not to mention that you would pay a high fee when using bitcoin as a means of payment, how many people will do this?

should do a monthly stat to find out how many people used bitcoin at the airport in venezuela