By: Franklin Suárez
"Banks in Venezuela are joining the crypto revolution. Thanks to an alliance between the Crixto exchange and a dozen financial entities, users can now pay in stores using bitcoin and other crypto assets, marking a milestone in the adoption of digital finance in the country."
"Adrián Ruíz, executive director of Crixto Venezuela, confirmed that they maintain a 'formal relationship' with local banks. Through technological alliances with more than 10 Venezuelan banks, the platform not only allows payments with cryptocurrencies through its app but also promotes a deeper integration between traditional finance and the crypto ecosystem."
"Crixto will integrate its application (APK) at points of sale in Venezuela as an additional payment option, allowing the use of cryptocurrencies without restrictions. Adrián Ruíz announced that, starting this week, they will initiate a pilot plan in Caracas with an undisclosed strategic partner. The short-term goal is to implement the platform in 20,000 points of sale nationwide."
"The devices are already available; an additional payment option will be added so that users can legally pay with cryptocurrencies through CrixtoPay," he explained. He also noted that the goal is for 100,000 terminals across the country to operate with this application by the second quarter of the year.
"Adrián Ruíz highlighted that, thanks to alliances with Venezuelan banks, Crixto users will be able to deposit and withdraw physical money at associated bank branches across the country. Transactions will be made in the name of the exchange, ensuring a legal and transparent process. Users only need to report the operation, and Crixto will handle the exchange."
