Over 30% of merchants in Venezuela have accepted Crypto Assets payments.

According to a report by CriptoNoticias on December 1, the chairman of the Venezuelan Commercial Services Council (Consecomercio), José Gregorio Rodríguez, stated that over 30% of businesses, service industries, and enterprises in the country have begun to use Crypto Assets.

Rodríguez pointed out at the 46th National Business and Service Day celebration that the adoption of Crypto Assets stems from the need to circumvent the barriers posed by financial intermediaries, with restrictions on import and export payments prompting businesses to seek alternatives. He stated that digital platforms have become “an important pressure relief valve,” simplifying processes that originally required complex triangular operations. The organization issued a statement during the event calling for increased foreign exchange provision from the private sector and payment methods using digital currencies such as USDT.