Foreign credit card transactions are reportedly bringing more foreign currency into inflation-plagued Venezuela. That’s according to a report Thursday (June 13) by Reuters, citing four public sector and finance sources who said these transactions have been growing steadily since the government loosened currency controls five years ago,...
Venezuela is reportedly expected to increase its use of cryptocurrency when the United States reimposes oil sanctions on the country beginning June 1. A Venezuelan opposition politician, Leopoldo Lopez, and a national security leader at New York-based blockchain data firm Chainalysis, Kristofer Doucette, released a report Monday (April...
Buy now, pay later (BNPL) app Cashea is reportedly experiencing growth as it provides a much-needed solution to credit-starved consumers in Venezuela. The app has gained more than 1.2 million clients in the country in just over a year, Bloomberg reported Friday (Dec. 1). The...
The interesting thing about reports that Peruvians are fast adopting crypto as a hedge against inflation and political instability, it’s that they’re doing so when those economic and social problems are fairly mild, at least compared to those of its neighbors that are doing the...
May 04, 2018
Hyperinflation has driven the Venezuelan Bolivar to near uselessness. How are individuals supposed to save and manage money when their currency is hemorrhaging value? AirTM lets them convert their earnings to a stable currency such as USD via two-sided marketplace. Co-founder Ruben Galindo Steckel explains how it works.
February 16, 2018
PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. According to PepsiCo CEO...
December 26, 2025
JPMorgan Chase reportedly froze accounts used by stablecoin startups BlindPay and Kontigo because they did business in Venezuela and other places subject to sanctions or other restrictions. Both companies largely focus on Latin America, and they connected to the bank through digital payments firm Checkbook, The Information reported Friday (Dec. 26). A JPMorgan Chase spokesperson said in […]
June 13, 2024
Foreign credit card transactions are reportedly bringing more foreign currency into inflation-plagued Venezuela. That’s according to a report Thursday (June 13) by Reuters, citing four public sector and finance sources who said...
April 29, 2024
Venezuela is reportedly expected to increase its use of cryptocurrency when the United States reimposes oil sanctions on the country beginning June 1. A Venezuelan opposition politician, Leopoldo Lopez, and a...
December 01, 2023
Buy now, pay later (BNPL) app Cashea is reportedly experiencing growth as it provides a much-needed solution to credit-starved consumers in Venezuela. The app has gained more than 1.2 million...