Flipstarter: Bitcoin Agents Venezuela 2022

gertu told me the same, it is a region that has low BCH adoption so far.

How much is approximately the extra commission they charge for crypto payment, more or less? 10% or higher like 50%? Still, to withdraw from an exchange you have to go through the bank system, am I right? The banks also some kind of commission for foreign deposits.

Nevertheless, it is bad practice to ask for an extra fee. This is greed by the merchants, but as adoption will be increasing, eventually some merchants will not ask for an extra fee while those being greedy will lose customers.

The law of the market is clear. Those charging too much will have no customers after a while. As competition is increasing the cartels will dissappear. It creates a problem if merchants have this bad practice, since they will be forcing people to use other payment methods at this beginning stage for BCH.

It is about 10% to 30%, the same happens with cash currencies. And yes, I agree with you, it is because of greed. They use the excuse of inflation and that the price of the dollar goes up because it is intermittent. There are places where they charge the dollar much higher than the price, that happens with the informal economy. Charging a commission for receiving cryptos is greed and also ignorance. Here the law of the market does not apply much, people keep buying in these places because they have to buy, there is nothing else to do, there is really nothing we can do against that. On the other hand the government ignores the real problems of the country, such as the means of payment in foreign currency, there is very little regulation, imagine with cryptos. Businesses do what they want, and the government refuses to accept other currencies as legal tender in the country. In a somewhat delusional way the government still believes in the bolivar, they are trying to restore it, but in my opinion, it is not a solution. They should focus on what is really happening, on the use of cash currencies, and cryptocurrencies and digital currencies, establish regulations so that businesses do not abuse people and so we have a thousandth of peace in our economy. It is hard to understand what is happening in Venezuela, because even for us who are the inhabitants it is crazy.

Regarding how it works to exchange digital currencies, it is done in 2 ways, you can use exchanges (I don't know if you can call it that for me it is) like airtm or binance p2p, to exchange money to bolivar. Or, you can also send your cryptos to someone who buys them and gives you their value in bolivars. With Airtm I don't do it, it's a sacrilege, the commission is extremely high, in binance I can't do it either, I don't have a verified account. So I resort to someone who buys my cryptos and gives me the money in bolivars. He charges a low commission, the dollar is now at 4.68 bs according to the Central Bank of Venezuela, the buyer gives me 4.40 bs for each dollar in bch.

Apart from that there are other factors that influence the payment methods, such as the internet connection which is bad. Also the connection is down on holidays due to the amount of transactions. They don't care about improving the system either....

And thanks to your topic I came up with something to write about today.

I understand better now. I have another question about Bolivar if I may.

I have learned from visitors of Venezuela they exchanged dollars to Bolivar using the black market as the official foreign exchange is manipulated. Black market prices of Bolivar were many times less than the official and they warned not to trade dollars with this rate.

How does this work though? Are there unlicensed offices or people on the street offering better exchange rates? Was this perhaps happening in the past and the official rates are closer to the true rates today?

I don't know much about the black market. The dollars I handle are digital, I also handle cryptos like bch, trx and shiba. I don't have cash dollars, because my work is 100% digital, so I don't know a little bit about the black market. What I know for sure is that people prefer to acquire dollars in the black market, it is easier. Another way to get them is through the Central Bank, but it grants a limited amount, and you have to make a request and wait for it to be approved. This is not beneficial, people want to use their money when they want, to buy dollars when they want for their transactions. Here they resort a lot to external means, because the, shall we say, legal ways are very tedious. You are always conditioned. In fact, many businesses closed down when the crisis started because they could not import goods, or because they could not obtain foreign currency in cash for their transactions.

To obtain large amounts of foreign currency in cash, I don't know how traders do it. I have heard that they buy in Cucuta, Colombia, where they also practically traffic the bolivar.

Citizens who only want foreign currency for their expenses and that sort of thing go to street buyers. There are people in the streets with bags, buying dollars. You recognize them easily because they are a bit scary, they have a peculiar way of talking and they are always shouting: "I buy dollars".

Also, once in the afternoon while shopping in an Asian store I saw one of these dollar buyers selling dollars to an Asian. From what I deduce that they are the ones who finance these itinerant people, and the ones who bring these dollars from outside the country.

My God! I look like the SIA hahahahahaha

Hahaha. Hey, if you don't want to answer, it is fine. What you explained was how I imagined it to be. I am reading your article next.

Thank you very much. :)

Soy de Anzoátegui y he pagado con BCH

I'm glad. It is true that there are places in Anzoátegui where to pay. Can't you be more specific, in which city do you do it? Thank you.

Yes, I see it now too.

I checked the state Anzoátegui and BCH acceptance is limited there. I found there are 6 BCH merchants at Barcelona, and 9 at Cumana if I look at the correct state. Thanks for explaining gertu.

Certainly you are one that would definitely want to pay with BCH for groceries or shopping and write about it for all of us to read!

Maybe the strategy for adoption should involve automation for regions where the campaign is not running. Something that will escalate acceptance even more.

Barcelona is small and has 9 merchants affiliated with BCH. Puerto La Cruz and Lechería are larger in relation to the number of businesses and have none affiliated. Hopefully in the near future they will join. I would love to make my first post paying with BCH.

No he visto en Barcelona comercios que acepten bch, más si he visto que aceptan paypal. También me encantaría hacer una publicación pagando con bch.

PayPal es muy aceptado ahorita.

Si, gracias a Dios. también vi que en un cafe están aceptando Metamask. Queda por Puente Real.

I haven't seen them but that doesn't mean there aren't any. If panther writes here that there are, he must have it on good authority. Let's wait patiently for our turn to make many posts about shopping in our state with BCH.

I do not doubt what you say, I have seen in noise, people from Venezuela who have bought with BCH. What I do affirm is that here in Barcelona Anzoategui they still do not accept BCH, I have not seen it yet, and I live here. And if there is, it will be in areas like Puente Real, more in the central area. I don't see Anzoategui on the list either, but I guess it will be a matter of time before it arrives here.