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Venezuela to integrate Bitcoin and stablecoins into its banking network by December

Local banks will offer custody, transfers, and crypto-to-fiat exchange services. The bolivar's sharp depreciation has driven a surge in stablecoin adoption. Conexus currently processes nearly 40% of Venezuela's electronic payments. Venezuela is preparing to merge its struggling traditional banking system with digital currencies as payment giant Conexus plans to integrate Bitcoin and stablecoins into the [...]The post Venezuela to integrate Bitcoin and stablecoins into its banking network by December appeared first on CoinJournal.

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