The US company sent emails to users who used zelle in sync with Wells Fargo Bank in the US as well. The company clarifies that many users used zelle inappropriately as a form of payment in stores for example
In Venezuela stores use zelle as a form of payment
After the inclement inflation in Venezuela, citizens with accounts in US banks lent their nationality or address to open accounts to Venezuelans who preferred to use the $ USD to save their money from the inflation of Venezuela. Thousands of stores in all cities dollarized their products and thousands of citizens began to pay in this way.
Remember that in Venezuela there is a de facto dollarization, and many people outside of Venezuela prefer to have the money in United States accounts to improve their finances and save money.
Bitcoin cash is the best alternative after Zelle's departure
Safer, faster, cheaper, without accounts, without dangers and from any country in the world, with BCH you have practically more advantages of winning in your business
Venezuelans mistake using zelle
Zelle is an app that serves to transfer micropayments between trustworthy people, they cannot be used as legal entities or on behalf of a company, there would be many micropayments every day and the transfers go too many times to revisionm, a worse thing is to use zelle to save money from third parties that do not have accounts in US banks, the wells fargo and zelle digital platform clauses do not allow this type of use.
the decision is based on article 28b of the Wells Fargo online service contract and section 6.B of the Zelle service contract, imagine a store receives 150 micropayments of $ 5 or $ 15 each, it's too many transfers, but this movement Wells Fargo does tomorrow could be the other banks where there are thousands of Venezuelans connected.
It is time to accelerate the adoption of bitcoin cash in Venezuela, the experimentation of bitcoin with businesses begins again, and the voluntary exercise of the social economy
Bitcoin Cash is the best option to have in a store, and in my city we are still serving people to show this option, which is the most ideal for any business, stores, remittances, savings, etc. Venezuela time has come
I commend BCHouseVE for its untiringly efforts to ensure the success of BCH in Venezuela and South America at large. Kudos to you people!