Venezuela Airport accepting Bitcoin - page 2.

Fesatmas

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Quote from: coinism on October 15, 2021, 11:11:55 AM

Simón Bolívar Airport to accept cryptocurrencies as payments for tickets
I don't know how much reliable that link is. I too was wondering how can bitcoin benefit airport authorities at a time when its price is fully volatile. Yesterday btc was 56k and today its 60k, don't know what it will be tomorrow. To be accepted as mainstream payment system we need price stability and that's something missing badly in BTC right now.

Indeed, since when has the price of Bitcoin been like the stability of the dollar value. Obviously it is highly volatile and with a relatively fast rate of volatility. But if it only refers to the price of Bitcoin then any authority will not accept it as payment. Therefore, Bitcoin is used as a legal means of payment in view of the value of the signature and the increasing price level.
The time span also needs to be considered, the airport may accept Bitcoin payments only for long-term holdings.

coinism

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Quote from: Fesatmas on October 12, 2021, 02:37:28 PM

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. Because after all, so far the airport is affiliated with local banks to carry out the cash disbursement process.

Simón Bolívar Airport to accept cryptocurrencies as payments for tickets
I don't know how much reliable that link is. I too was wondering how can bitcoin benefit airport authorities at a time when its price is fully volatile. Yesterday btc was 56k and today its 60k, don't know what it will be tomorrow. To be accepted as mainstream payment system we need price stability and that's something missing badly in BTC right now.

dupee419

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This is actually an advantage to that specific airport, I don't know how the government of Venezuela will take action from this, they are probably aware that the airport can actually gain profit if they start to accept Bitcoin as a method of payment, it's either the payment of the passengers gets converted instantly into fiat or they can just simply keep it and extend the profits of the stakeholders of the airport.

Still, good innovation and will provide more convenience to the passengers.

Sebas.tian

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This is a welcome development to Venezuela Airport by accepting bitcoin as a payment in the societies. Many bitcoin users will like to travel with the airport base on this new development their government has put in place in the country to make their citizens movement easy to move their goods from one place to another.
Many investors will now prefer to make use of this airport than other airport that is not accepting bitcoin payment. It will really help investors who are into export and import in the country to move their goods early.

BIN-BIN

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Quote from: Woodie on October 15, 2021, 08:19:22 AM

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.

The government is fully aware of the benefit of cryptocurrency and the President as a young and innovative leader is constantly giving support to promote Bitcoin adoption within Venezuela and its environs.

Woodie

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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.

stadus

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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.

Pejoh Asu

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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.

stompix

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Quote from: YOSHIE on October 14, 2021, 12:00:17 PM

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

Quote from: YOSHIE on October 14, 2021, 12:00:17 PM

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.

DdmrDdmr

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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.

Lucius

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Quote from: BIN-BIN on October 14, 2021, 01:11:27 PM

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.

BIN-BIN

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Quote from: avikz on October 14, 2021, 03:12:31 PM

Quote from: BIN-BIN on October 12, 2021, 02:01:42 PM

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.

avikz

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Quote from: BIN-BIN on October 12, 2021, 02:01:42 PM

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!

Fesatmas

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Quote from: DarkDays on October 14, 2021, 01:17:26 PM

Quote from: Fesatmas on October 12, 2021, 02:37:28 PM

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 Huh

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.

Leadingweb

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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. Cool

DarkDays

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Quote from: Fesatmas on October 12, 2021, 02:37:28 PM

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 Huh

BIN-BIN

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Quote from: zaesvlas on October 14, 2021, 12:58:59 PM

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.

zaesvlas

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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.

taufik123

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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.

Fesatmas

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Quote from: oktana on October 12, 2021, 06:42:06 PM

Quote from: hosseinimr93 on October 12, 2021, 03:34:56 PM

Quote from: Fesatmas on October 12, 2021, 02:37:28 PM

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.

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