Venezuela Airport accepting Bitcoin - page 4.

Lucius

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Quote from: cheezcarls on October 13, 2021, 06:41:54 AM

But the question is that if they are using the Lightning Network or not. Because we all know that it’s completely insane to buy tickets when we are going to pay exorbitant transaction fees.

You exaggerate with some words, and you do it because you don't see all the facts the way it's right to look at them. First of all, it doesn't make sense to pay something that costs $5 with BTC, if the fee at that time is the same - and you need a quick confirmation. Secondly, we are talking about plane tickets here - and they cost a little more than $5, and can be purchased online, where payment with BTC has its advantage, you can pay a lower fee and get a confirmation of payment in a few hours.

Lastly, please look at the following graph and show me where these “exorbitant transaction fees” have been for the last few months, and who pays $10 or more if using a non-custodial wallet? For everyone else who uses crypto exchanges as their main wallet - I'm sorry, 50 000 satoshi for a fee is not something Bitcoin is to blame for.

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Wildwest

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This is news that we always expect and now many people are starting to accept bitcoin, so the greater adoption that will happen and the decision taken by the Venezuelan airport is one that must be considered by other countries because in the future bitcoin is increasingly popular among the world community, and we expect this news to indeed happen so that it will have an impact on the value of bitcoin today, It would be nice to share the news link so that we are more confident in responding to it.

cheezcarls

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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.

But the question is that if they are using the Lightning Network or not. Because we all know that it’s completely insane to buy tickets when we are going to pay exorbitant transaction fees.

Anyways, it’s a good development for Venezuela airport in adopting Bitcoin and increasing awareness of it.

Ucy

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Well, guess I understand why the government would choose Bitcoin. It's probably not easy for travellers to use major fiat currencies in the airport otherwise the government would not consider Bitcoin.. . I say this because I ruled out the possibility that the government is open/tolerant enough to be accepting of Bitcoin.
I think it's better than just relying on the National "cryptocurrency" called Petro.

Lucius

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This is almost insignificant news, this is about Venezuela, which is under sanctions and has very limited air connections with the rest of the world - which means that the already poor citizens of this country who barely survive do not use airplanes, so I wonder who will pay airplane ticket with Bitcoin?

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DapanasFruit

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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.

The main potential for Bitcoin in Venezuelan people is the cashless transactions economy and this has a huge coverage...ranging from airport fees, airline tickets, bus fares, taxi charges and many, many more in the transportation and tourism sectors alone. Such a big market is now being opened for Bitcoin all because it is official recognized by the state. I am really hoping that Bitcoin can have a successful run in Venezuela especially in its first two years of implementation so other countries can also be enticed to do the same.

Blawpaw

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Quote from: Review Master on October 12, 2021, 02:37:14 PM

Adoption of bitcoin will be increased more in the upcoming days and it’s great to see that Venezuela airport is accepting bitcoin. As soon as more future ETFs are got approval, we might see more good news like this one. Although few person's still spreading fuds by tagging that bitcoin is nothing or worthless. But those aren't matter to bitcoiners.

From where I stand, we may see an increase in Bitcoin adoption but the real adoption will come when Bitcoin becomes easier to use. Besides, with the kind of transactions fees we pay, bitcoin becomes unfeasible to be used as a currency. That is why I think that altcoins will have a bigger and faster adoption than bitcoin in the coming years

sunsilk

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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.

This is good news.

Venezuela is experiencing hyper inflation and they should really adopt payments in crypto to address their economical issue or solve some of the industries problem with payments of their customers.

It's not only bitcoin that they'll accept but as well as the other major crypto. I'm just surprised that Petro is still there which is also included because I thought that it's no longer existing.

leea-1334

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Quote from: mindrust on October 13, 2021, 12:51:05 AM

Quote from: leea-1334 on October 13, 2021, 12:00:08 AM

And what a bad operation it was with not even a public working blockchain

First El Salvador and now (if true) Venezuela (this is big) are changing to world for good. Who would knew that these countries would lead the world crypto adoption while the westerner countries stay skeptical about it. Interesting times indeed. I think the west has a lot to learn from these two countries. I believe the rest of the world don't do them justice.

I agree in principle,,, but as I said earlier, Venezuela does not have a good reputation with crypto already. They did the first state controlled crypto and it was such a bad implementation,,, not public, not even transparent and totally reflective of all the corruption the president and his cronies were known for.

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.

Wexnident

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Slow and steady wins the race ig. There were some talks on how Venezuela views crypto favorably since their country's fiat was inflated so bad that residents needed some way to escape it, and crypto was one of the methods they could've used. It isn't exactly odd to see them adopting crypto, especially since El Salvador already took the lead in terms of adopting Bitcoin in being used. Though I would like to see instead eastern countries viewing crypto in a positive way though since we have those two to hold the fort in the western side.

mindrust

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Quote from: leea-1334 on October 13, 2021, 12:00:08 AM

That is actually a bit weird coming out from Venezuela where we all know since many years the country is corrupt and actually this was the source of the world's first crypto run by a state. And where even exchanges needed license that you could only get if you were friends with the state's government.

And what a bad operation it was with not even a public working blockchain

First El Salvador and now (if true) Venezuela (this is big) are changing to world for good. Who would knew that these countries would lead the world crypto adoption while the westerner countries stay skeptical about it. Interesting times indeed. I think the west has a lot to learn from these two countries. I believe the rest of the world don't do them justice.

leea-1334

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That is actually a bit weird coming out from Venezuela where we all know since many years the country is corrupt and actually this was the source of the world's first crypto run by a state. And where even exchanges needed license that you could only get if you were friends with the state's government.

And what a bad operation it was with not even a public working blockchain

mindrust

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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.

That's great but you haven't provided a source for these news. Without a source it is not more than speculation. While you might be telling the truth, we just can't trust your word only, so next time maybe you tell us where you heard these rumors from so maybe other people try to reach the same source and can verify the information.

Shenzou

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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.

I feel like we have finally broken the wall that was built on the bitcoin by a bunch of people from the early days that are saying that it is a bubble and it is not worth investing in it and it will die out soon, and that has opened up a lot of investment opportunities and projects, and i think that a lot of of those has brought some insurance for a lot of people especially since a lot of known CEOs and investors changed their mind about it and started looking at it as an asset that is brining a future.

Luzin

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Quote from: BitMaxz on October 12, 2021, 06:54:12 PM

If their Airport going to accept bitcoin I think they are late because there is a website already that offers flights that accept Bitcoin and other cryptos.
Unless if they are going to give less or more discounts when buying flight tickets on them.

Anyway travala.com is offering all flight destinations departing and returning and they are also offering flights from Venezuela so even they don't accept bitcoin travala is already accepting Bitcoin.

I'm not surprised, because as far as I know Venezuela supports Cryptocurency. It seems like it's never too late, this is good news. I read if they not accept bitcoin only, they accep Dash, and Venezuelan Petro digital currency. Previously the Central Bank of Venezuela launched a central bank digital currency (CBDC), in addition to that in August, Turpial Airlines has accepted Bitcoin as payment for flight tickets. It's good to hear, meaning that the news of bitcoin adoption is getting more and more used. Regardless of belief I think venezuela is trying to fix their Economic problems.

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RILWAN

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This is another good news and the rate of bitcoin adoption by public institutions is on the increase lately while we celebrate this great achievement, I will like to see the link to a website where this news is published and to get further details on this development. With the economic situation in Venezuela accepting Bitcoin in businesses and institutions will help boost and foster the pace of economic recovery and stability within that country.

BitMaxz

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If their Airport going to accept bitcoin I think they are late because there is a website already that offers flights that accept Bitcoin and other cryptos.
Unless if they are going to give less or more discounts when buying flight tickets on them.

Anyway travala.com is offering all flight destinations departing and returning and they are also offering flights from Venezuela so even they don't accept bitcoin travala is already accepting Bitcoin.

Bitcoin_Arena

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I am not so surprised about the development in Venezuela. The country's currency has been suffering from so much hype inflation that they have been trying to make major monetary overhauls in the past few years.

Quote

CARACAS, Oct 1 (Reuters) - Venezuela on Friday launched its second monetary overhaul in three years by cutting six zeros from the bolivar currency in response to hyperinflation, simplifying accounting but doing little to ease the South American nation's economic crisis.
......

President Nicolas Maduro's government in 2018 removed five zeros from the currency due to high prices. That came a decade after the late President Hugo Chavez subtracted three zeros from the bolivar with the promise of single-digit inflation, which was not achieved.

Source: https://www.reuters.com/world/americas/venezuela-subtract-six-zeros-currency-second-overhaul-three-years-2021-10-01/

This is where bitcoin plays a huge role to them.

oktana

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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.

TimeTeller

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Quote from: Zilon on October 12, 2021, 03:59:25 PM

This is just the easiest way for a transparent transaction and would also serve as a transparent ledger with detailed distributed peer-to-peer temper-proof network which would limit the stress of having bookers presenting manipulated ledgers because I so sure with the well structured data base and secured ledger used at the airport manipulation is still common and Bitcoin could help stop this

This is one advantage if they will deal with bitcoin or any crypto, because it will answer the transparency problem.
This is a long running problem where a lot of governments or government agencies are culprit of being corrupt.
I have the feeling that other international airports will follow such move, which is actually good for bitcoin adoption.
The experience of Venezuela with this implementation can easily be disclosed to others, so we will know if they are getting more positive benefits with this initiative if others will follow thru.

Topic: Venezuela Airport accepting Bitcoin - page 4. (Read 625 times)