Topic: Venezuelan can now renew their Passport with Bitcoin as payment. - page 2. (Read 810 times)

Very glad I heard this good news, because more and more are adopting bitcoin. To my knowledge venezuelan is indeed a country that is
open with bitcoin. This way bitcoin will be more useful and this is very good for the future of bitcoin. If more and more countries who adopt
bitcoin like venezuelan, I'm very sure the price of bitcoin will continue to rise.

I just verified the bitcoin payment method was disabled without any explanation.
The government will not accept Bitcoin as a means of payment, it prefers to boost the Petro $ PTR. It would have to create demand and usability.

https://es.cointelegraph.com/news/btc-payments-reportedly-now-disabled-for-venezuelan-passport-purchases

Official statement that ratifies the payment methods for Venezuelan passport services. Banks (Banco de Venezuela, Banesco, BanFanb) and Petro. The price of a Petro set by the government is $ 58.80.

https://twitter.com/VenezuelaSaime/status/1275915489290657794

I am Venezuelan and this alternative payment to carry out passport services seems good to me. But I criticize the government for setting the exchange rate in Euro and not in US dollars. Bitcoin's price in euro is lower than in dollars.
Remesas Patria is a platform that Venezuelans can send remittances in Bitcoin and litecoin directly to their bank accounts.
Take a look to compare prices.

https://remesas.patria.org.ve/es/login

I heard that this option is available to foreigners from outside the country and not to all citizens of Venezuela.
such decisions will affect the exchange rate, More people will sell Venezuelan pullovers and buy more dollars due to the collapse of the exchange rate?
small of Venezuelan know about bitcoin and those who know about it only know how bitcoin price can change and give them more money.
another day, another adoption

This has all the signs of a fake news. As soon as this was reported, someone else tried and it was down. Was it really up in the first place?

Let me tell you something about Saime for non Venezuelans. The gov ordered them to set prices in Petro, and yes, they take the equivalent in Fiat or foreign currency. A passport is 200 USD in foreign soil, for example.

Here is the funny thing: You can't actually pay with Petros. Let alone bitcoin or any altcoin. This news apparently was only applicable abroad, not within the country. It kinda makes sense, as usually at a consulate or embassy you could always pay with the local currency of that country or $/€.

Despite all the cheers, so far, this is not true at all. Saime at this point in time is NOT accepting bitcoin. So stop congratulating my country's gov until they actually deliver. You CANNOT as of yet that we know, pay Saime with bitcoin. I wish i could, it would save me the stupid ritual of exchanging into fiat first, but no.

As far as i know, the only gov entity that actually takes bitcoin for anything, is the one where you can purchase Petros. Its pointless to buy Petros when you can't even pay the gov itself with it for a passport or anything else for that matter. I think the only real thing you can currently do with Petro is buy gasoline, it was scarce just a few weeks ago but Iran sent us a shipment despite US threats, and the gov set up a few special stations that can take foreign currency, and (in theory) Petros.

That said, it would be technically trivial for a consulate/embassy to set up a payment processor, remember they have always taken USD or EUR...

Side note: $200 is twice the usual cost for a passport that's only valid for 5 years, they cost the same in Venezuela, the country where the minimum monthly wage is officially 2 USD (400K VES/400K food tickets). Because "in socialism", only the rich exploiter is allowed travel (before the pandemic anyway).

PS: The current VES/BTC rate according to Localbitcoins, is about 19 VES per Satoshi. Yeah, our fiat is so worthless, you need 19 units of it to purchase a single Satoshi. And yes, we express prices just fine, to those deniers about the satoshi being an unfeasible unit.

Bitcoin is a very good currency for investment In most countries of the world it is much easier to earn as much as the demand for Bitcoin If Venezuela accepts bitcoin their country will improve a lot with crypto. Everyone in their country will use bitcoin as cash and no one will be able to operate it illegally The government has taken the passport system that it has taken much better steps In this case hacking will be less and saving the value of the coin is much easier.

The hyperinflation is actually causing them to get into a cashless society and as much as they want to preserve the value of bitcoin, they just can't if they don't have other resources to sustain their living.

The news sounds good if the government is going to pass it because I've heard in various interviews that there's mistreatment for people who own and earns through bitcoin when found out.

Something they should have done years ago. Based on their current situation, it is nothing surprising to see them move to crypto currency. Their whole fiat currency system started to mess up ever since they started printing bolivar fuerte. Replacing the currency to bolivar soberano did help much to be honest.
I guess this is one step closer by the Venezuelan government to adopt crypto currencies?

First, guy posts old news. Like, really old. Then people here mainly say wow what a good thing, when the most recent news actually says the payment's been disabled.

But here's what really happened: at some point govt adds Bitcoin as an option for payment. And then at some other more recent point, that option was disabled. Wasn't removed, just disabled.

Neither event was announced, so it's just like a news story that says: Profile lookup disabled on forum. Panic ensues.

Venezuelan Government is continuously supporting Bitcoin so no wonder why everything in their government specifically regarding payments will be available.
Though this news is not yet confirmed By Venezuela government but for sure this seems to be legit.

Damn that's really frustrating,what about those who acquire the offer and being pending now because of the stopping?they are just making things worst lol.

Well I guess now that it has been introduced the people of Venezuela will just have to start learning how to use btc, there is always a first-time in everything, maybe if this option was not introduced, many in that country still won't find the need to understand and really learn what btc is all about, and this also applies to many other countries that have very few people interested in btc,

Sometimes it is good to have a reason for getting involved in something, maybe other countries should emulate this attitude and introduce btc as an option for payment in some important businesses or organizations that will compel people to want to use btc, the more people getting to know and use btc the higher the chances of adoption.

That's odd tough, because of this article:

https://fintechranking.com/2020/06/26/btc-payments-disabled-for-passports-in-venezuela/


So initially they have accepted BTC as payment method and then immediately stop it without giving the public an explanation? Maybe they are overwhelmed or something, so we will have to wait for some update from them.

First, it is about regulation in the country. if the Bitcoin is legal for both payment and also a digital asset of investment, this case will be so easy. Moreover when there are many more merchants or parties that accept BTC as payment. I believe that the adoption of BTC and the blockchain technology will grow as easy as possible moreover rin that country. And fr the Venezuela, congratulation. your country has deserved good taking decisions to allow BTC as one of the transaction methods.

Thanks for bringing this to our attention.  Of all countries, Venezuela certainly is one nation that could use bitcoin to a major advantage for their battered nation.  This is not unique to their government however, you can actually pay you taxes in bitcoin here in the United States.

The context though is to accept BTC for passport renewals for those Venezuelan citizens living abroad (not living on Venezuelan soil). The scope of the news is therefore more limited than may seem at first glance, and is probably thought-out as a means to bypass sanctions, even if it is on a small scale in this case.
 
The problems with the site being down are thought to be related to actually adapting BTC as a payment method on the platform itself.

The online payment for Venezuela passport was temporarily unavailable without valid explanation according to the news released by Cointelegraph.

For the record, bitcoin and other online transaction is the better way for Venezuela country right now, knowing its rough times, as the country experienced hyperinflation. However, online payment should be efficient to sustain its transactions to its stakeholders.

It is sad that the country in the subject economy is currently meltdown but i think making crypto as part of the payment system of activities done in the country would limit the level of the economic meltdown and will also make Venezuelan rely more on cryptocurrency than their national currency.

One of the rare moments, when the whole state turns to BTC not cause it wants to, but cause it has to

I share your opinion, I think Venezuela currently needs a political solution and regime change, Bitcoin cannot contribute to solving the country's economic problems. But it remains good news for the Venezuelans, who work in the field of cryptocurrencies and also for those residing outside the country!

This level of acceptance is truly great, but it's sad that it's only present in a country with such a destroyed economy and reputation... And I am not sure how many people would want to restore their Venezuelan passports, given the situation in that country.
At the same time, it's not surprising that Venezuela made this move since they have been embracing cryptos for a while now. Their centralized altcoin failed, so Bitcoin seems like a good solution. But unfortunately, Bitcoin cannot solve their problems, this requires fundamental changes of the system.