In countries such as Venezuela, the use of foreign currencies such as the dollar, Euro, Colombian Pesos and cryptocurrencies is handled unofficially, but nevertheless, 67% of commercial transactions in the 10 main cities of the country are carried out with a currency other than the bolivar; which implies an increase of 27 percentage points with the first study of this type.

Source ( Bullfrag )

On the other hand, in 5% of the operations the Colombian peso is used, 2% of the operations use euros and in 1.9% of the cases for the operations cryptocurrencies are used.

On the other hand, among the conclusions of the study it stands out that in the border city 98% of the commercial transactions were paid with a currency other than the bolivar.

In view of the above, foreign currencies such as the dollar, euro, pesos and cryptocurrencies are accepted as a form of payment in Venezuela. It is important to note that the value of the main foreign currencies is recognized by means of an official reference value and a parallel one.

Source ( Venezuelanalysis )

Among the main cryptoassets used in the country are: Petros, Pay pal, Bitcoin, Zelle. The sovereign cryptoasset "Petro" is the first cryptocurrency issued by a State and backed with its natural resources, whose main purpose of creation was the reactivation of the national economy.

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Financial Education - Use of foreign currencies and cryptoassets

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