@Pantera
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Flipstarter: Bitcoin Agents Venezuela 2022
BCH Latam is having a new flipstarter aiming to increase adoption and convince merchants to accept Bitcoin Cash as a means of exchange. The crypto bear market is a time we rebuild and make everything more accessible, faster, and easier. It is also a time true believers of crypto, those that were not in it just for the fiat value but understand the vast potential, don’t slow down or lose interest, but increase our knowledge, gain new experiences, and keep spreading the word of cryptocurrency. This word is “Utility” and Bitcoin Cash offers this with fast transactions and low fees. BCH initiatives around the world are organizing and spreading merchant and consumer adoption of this new form of money that will be the underlying foundation of the future economy. Various Latin American countries are facing issues with high inflation and watch the fiat national currencies fail for various reasons. Venezuela is a hot spot for crypto adoption. With this flipstarter, the BCHLatam team expects to increase adoption levels and spread the Bitcoin Cash message.
The Bitcoin Agents in Venezuela https://www.youtube.com/watch?v=k9o_EgSR8l4&list=PL92ognmkx-f7EjKWS9DdFab0G0VMDn1G3 **José Ignacio Araujo Garcia** José has been delivering economic freedom in Caracas, Venezuela for a while now. He is the coordinator of BCH Latam, responsible for operations. https://twitter.com/JoseIgAraujo **Talia Guerrero** **Leticia Araque** **Jaifred Pastran** (source) https://twitter.com/GeorgeDonnelly/status/1483559800789209089 José is presenting the flipstarter in detail with this video: https://www.youtube.com/watch?v=kNsNMgEvEIA Jose and his team are inspiring confidence and spreading the message of P2P cash in Latin America. Especially in Venezuela, a country ravaged by hyperinflation for years, where people understand money better than anywhere else. Opportunities are scarce with the national currency, Bolivar, but with the rise of the internet and cryptocurrencies, Venezuelans found an exit from a dire situation. The flipstarter This article is dedicated to the work of these four people presented here. They understand money and Bitcoin Cash and their work is to promote and enhance the image of Bitcoin Cash in Venezuela. With this flipstarter, the team is expecting to bring 2,000 new BCH users and 500 merchants to the Bitcoin Cash ecosystem and educate them with presentations and crypto-related material. The details are all on the flipstarter page (link). The flipstarter expires in 19 days and has covered 59.98BCH out of 228,13BCH of its target so far. https://flipstarter.bchlatam.com/
The team will be releasing new video content on the Panmoni YouTube channel and BCHLatam social media according to the details. The minimum pledge is 0.28BCH and the details on the budget can be found at this link. https://www.youtube.com/channel/UCjizxJYH0K7oYhW6gQ9iG4g/playlists https://www.dropbox.com/s/u17fhc53er772bh/Jose%20Araujo%20-%20Budget%20-%20Bitcoin%20Agents%20Venezuela%202022%20-%20Flipstater.pdf?dl=0 The map of bitcoin.com Venezuelan adoption is rather encouraging with more than a thousand locations accepting Bitcoin Cash in the country so far.
*(**map.bitcoin.com**)* https://map.bitcoin.com/ **Important links:** *Flipstarter* https://flipstarter.bchlatam.com/ *Budget* https://www.dropbox.com/s/u17fhc53er772bh/Jose%20Araujo%20-%20Budget%20-%20Bitcoin%20Agents%20Venezuela%202022%20-%20Flipstater.pdf?dl=0 *Instagram* https://www.instagram.com/bchlatam/ *Facebook* https://www.facebook.com/BCHLatam *YouTube* https://www.youtube.com/channel/UCjizxJYH0K7oYhW6gQ9iG4g/playlists *email: jose.araujo@panmoni.com*
Thoughts on BCH Adoption Initiatives In my opinion, the agents in Venezuela are doing well in spreading the BCH message. But, there is also a need for **feedback. It** is a demanded process and contains important data that needs to be extracted to **evaluate the outcome of a crypto adoption initiative**. I feel obliged to write a few things, I am also expecting: i) Transparency (which services will be used and where exactly the BCH will be spent) ii) Feedback from merchants and data of BCH usage in their business. Perhaps a questionary should be filled out by merchants after a certain period (3-month or 6-months), and provide an extra incentive for this purpose. We certainly need to know: How many customers these businesses have in total, and how many use BCH (market-penetration level) How do the merchants deal with the BCH they receive (sell immediately for dollars or Bolivar?) Merchant and consumer experience levels (questionnaires) Are they introducing BCH to others (Word to mouth is the best advertisement) Are these merchants paying for goods and services with Bitcoin Cash? It is impossible to analyze market-penetration levels without having actual data and feedback from the side of the merchants. After-sale services will shed light if a business or marketing plan was successful or not. I suggest reading this article by BCHouseVE : My Experience in Adopting Venezuela in the year 2021. Roberto Garcia mentions some important issues while many seem not to realize their importance. https://read.cash/@BCHouseVE/my-experience-in-adopting-venezuela-in-the-year-2021-6957ee72#comment-01743069 Onboarding and not looking back again means it will just be a short-term process. We don't have the data available on how the onboarding process went after a month or a year and I feel this is even more important. We need to present real volumes, numbers, and usage information from the onboarded businesses. Marketing relies on numbers. We can't just tell we onboarded 200 shops but also need these merchants to have customers using Bitcoin Cash for their payments.
***Cover Photo: by TheDigitalArtist on*** ***Pixabay*** ***(modified)*** https://pixabay.com/tr/illustrations/venezuela-bayrak-%c3%bclke-sembol-ulus-4623005/ *DISCLAIMER: All material published in this content, is used for entertainment and educational purposes and falls within the guidelines of fair use. No copyright infringement intended. If you are, or represent, the copyright owner of material used in this article, and have an issue with the use of said material, please send an email at: pantera9999@protonmail.com.* *No financial advice intended.* Notes I have asked the Venezuelan friends of noise.cash and read.cash to give us their viewpoint on why they don't select using Bitcoin Cash for their payments, their daily groceries, their entertainment, or anything else. I'm sure read.cash and noise.cash has been a great source of income to them as well, and I don't understand why they would not simply hold their BCH and use them for this reason, but instead sell for a fiat currency that inflates by 2000%. Are you selling for USDT and merchants accepting this instead? Then you just abandoned one failed fiat for another, imo. Really looking forward to learn the reasons not to use Bitcoin Cash and completely abandon the failed fiat currency experiment. ***Follow me on:*** ***●*** *****ReadCash***** ***●*** *****NoiseCash***** ***●*** *****Medium***** ***●*** *****Hive***** ***●*** *****Steemit***** ***●********Vocal***** ***●*** *****Minds***** ***●*** *****Twitter***** ***●*** *****LinkedIn***** ***●********Reddit***** https://read.cash/@Pantera https://noise.cash/u/Pantera99 https://medium.com/@panterabch https://hive.blog/@pantera1 https://steemit.com/@pantera1 https://vocal.media/authors/pantera https://www.minds.com/pantera99/ https://twitter.com/Panterabch https://www.linkedin.com/in/panterabch/ https://www.reddit.com/user/PanteraBCH ****email:**** *pantera9999@protonmail.com*
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24 comments
Wish to see BCH to the moon asap. My respect to BCH promoters world wide. Thanks for your article, its worth to read 💕
This is such a wonderful information you shared my friend. Just so you know, when I started in noise.cash, a thought suddenly popped up from my mind, what if BCH will be used as a mode of payment in the grocery, cafe, and name a few, I wonder if people will use their BCH funds for transaction. Now, as I knew that one of the cafes in Venezuela is using BCH as a mode of payment, I can't help the excitement. I know entepreneurs need to make a deeper research if using crypto would yield positively on their business, but hearing such news gives hope in my heart that BCH will prosper more in the future.
Ugandan is also facing a serious inflation and Ugomarc on noisecash has been working on adoption which seems to be coming out well based on the information she is giving to us. I agree with the fact that the Venezuelans would benefit a lot from embracing BCH since their currency is currently nothing to write about. The flipstarter is going to spread awareness and just making handbills or banner won't be enough to do the job because people are always very careful when it has to do with putting their wealth in someone's care.
According to your map my state of Anzoátegui is one of those that are not yet on the list of merchants joined to the BCH. I go out very seldom and when I do I have never seen the logo in the stores where I go.
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.
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.
PayPal es muy aceptado ahorita.
Si, gracias a Dios. también vi que en un cafe están aceptando Metamask. Queda por Puente Real.
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.
Very interesting information
It is true, in Venezuela cryptos and internet jobs are what has helped many Venezuelans. Every day we reinvent ourselves in some way to be able to sustain ourselves and get ahead. I am Venezuelan, I live from what I work on the internet, because a job where I work 24/7 is a waste of time. The reason is that it requires a lot of time and is not remunerated in a good way. So if I have a "normal" job it would not be enough for me to live. Many of us prefer to exchange cryptos to the local currency, because stores have a lot of problems with this kind of payments. If you pay in dollars in cash they don't give you change, or you have to consume, for example a full 20$ in that store, because they won't give you change. The same happens with cryptos, you have to pay more than the product costs, because they charge you an extra commission, which makes people prefer to pay in bolivars. I agree with the acceptance of cryptos in my country, it would be much easier to increase the payment methods. But they should also supervise the prices and these forms of payment, so that businesses do not abuse the citizens. And I didn't see Anzoategui on the list, I live in Anzoategui :(
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. :)
El Estado Bolívar también tiene poca aceptación, creo que es lo mismo yo se que muchos comercios son más pro del BTC que BCH...
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