Venezuela is set to integrate Bitcoin and stablecoins into its national banking system through a new platform developed by payment processor Conexus. The system will enable banks to offer custody, transfer, and fiat exchange services for cryptocurrencies. Conexus President Rodolfo Gasparri highlighted the use of stablecoins as a hedge against currency devaluation as a key driver for the project.
Conexus, which handles about 40% of electronic transfers in Venezuela, aims to launch the platform by December. This integration will bring Bitcoin and USDT holders under the banking regulatory framework, ensuring transparent and compliant transactions.
Venezuela to Integrate Bitcoin and Stablecoins into Banking System
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