p2pcriptovenezuela

📊 A private-sector speech the crypto market should read closely
At the twenty-second edition of the Lorenzo Mendoza Fleury Empresas Polar Foundation Award, Empresas Polar president Lorenzo Mendoza once again put an idea on the table that is often repeated quietly in Venezuela’s crypto world but rarely put into practice: the private sector needs universities, and without local science, there can be no sustainable productivity. He said this at an event honoring four researchers in biology and chemistry, but the message goes beyond academia and speaks directly to those who work with USDT, bolívares, and foreign currencies every day.

📊 A demand that sounds like dollars but lands in bolívares
Health and education workers’ unions have renewed their push for a request that has been circulating in public administration corridors for months: a Christmas bonus of around US$960, equivalent to a fraction of what it currently costs to support a family in Venezuela. Pablo Zambrano, executive secretary of the National Health Federation, put the request on the table, insisting that there are ways to meet this commitment with funds from the sale of Venezuelan crude. His argument is not new, but it is uncomfortable: if CVG agreed to pay its workers US$1,100 in profit-sharing, why not apply the same logic in the Ministries of Health and Education?

November 11, 2026, will go down in currency traders’ spreadsheets: the official dollar rate set by the Central Bank of Venezuela (BCV) closed at 901.62 bolívars per dollar, a new nominal high. The figure sounds like a record, but what really matters to anyone moving money in Venezuela is not the round number—it’s how quickly it got there. And for now, that pace has the brakes on.
📊 900 bolívars: a nominal milestone, but a different pace
So far in 2026, the official exchange rate has risen by 202.41%. Compared with the same period in 2025, when it climbed by 344.98%, the difference is enormous. In everyday terms: devaluation is still happening, but it is no longer moving at the same pace.

Antalya, Turkey, welcomed the Venezuelan delegation led by Delcy Rodríguez this week for COP31, the climate summit that opened with calls for international cooperation in an increasingly divided geopolitical landscape. At first glance, the news seems distant: melting ice, emissions targets, speeches. But in a country that makes its living selling oil and exchanges bolívares for digital dollars every day, those conversations end up knocking on the foreign exchange market’s door.

The message came from Bogotá and sounded more like a survival guide than an enthusiastic invitation: if you’re going to invest money in Venezuela, do it in stages, with lean structures and the option to exit quickly. That was the advice given by Colombian risk analyst Ernesto Borda Medina, director of the consultancy Trust, during the “Venezuela in Transition” conference. The event focused on hydrocarbons, but its conclusions resonate strongly in the crypto space, the P2P market, and the way dollars are handled in the country.

📊 A reform that changes the energy landscape (and the cost landscape)
After three postponements, Venezuela’s parliament approved a partial amendment to the legal framework governing the national electricity system. The stated goal: to allow private and foreign capital to participate in power generation, amid growing demand and an opening of the oil sector that is driving demand for reliable energy. This reform is no mere administrative detail: it reshapes who can generate electricity, under what rules and, above all, how it is paid for.

The story sounds familiar to anyone who has ever queued outside a bank teller’s window in Venezuela: millions of people wake up one day to discover they can’t access their money. The difference is that this time it happened in Paraguay, a country that projected an image of financial stability and investment-grade status. And the trigger wasn’t hyperinflation or a classic bank freeze, but the collapse of a digital bank that grew too fast and had too many internal seams.
📊 What happened to ueno, in three moves

Commercial debt in Venezuela’s oil industry is no longer just hallway talk; it is beginning to take shape as a structured initiative. The PDVSA Commercial Creditors Committee announced that on November 17 it will present “Capital Nacional,” an initiative aimed at organizing outstanding claims from suppliers, engineering contractors, oilfield services companies, and supply and construction firms, as well as proposing foreign financing arrangements for the state-owned company and its subsidiaries.

The Venezuelan Banking Association (Asobanca) wrapped up October with a review of its 2026 Financial Education Month: nearly 1,500 people—including elementary and high school students, university students, and professionals—attended conferences, school events, and technical meetings. Everything was free, according to the association, and this year’s agenda had a noteworthy focus: it went beyond household savings to delve into topics such as payment methods, artificial intelligence, and risks in digital financial applications.

📊 A global payments rail arrives in the national financial system
The cross-border payments fintech Thunes announced that Venezuela has joined its direct disbursement network, connecting the country’s banking infrastructure with international banks and payment gateways around the world. In practice, members of the network will be able to settle funds into Venezuelan accounts through the Immediate Interbank Credit system, mobile wallets, and authorized cash pickup locations, with a clear promise: fewer intermediaries and settlement times approaching instant.

Millicom, Tigo’s parent company, has put Venezuela back on its radar. Its CEO, Marcelo Benítez, said the company is keeping a close eye on the country, but that any significant investment depends on a series of conditions being met—conditions that are still not entirely clear. It’s not a firm no: it’s more of a “we’ll see,” with no set timeline.
The executive’s key point was that Venezuela appears to him to be a country beginning a transformation, and that the company is closely monitoring how its institutional framework evolves and how long-term foreign capital is treated. In plain English: there’s interest, but the company is also doing the math.

Caracas is back in the spotlight. The sixth edition of the Startup Venezuela Summit kicks off this week with a lineup that seemed unlikely just three years ago: 25 investment funds, nearly 40 international guests, and Sir Richard Branson, founder of Virgin Group, as the headline act. Behind the event is a thesis we at PitbullChain have been following closely: foreign capital has begun to see Venezuela not as a risk to avoid, but as a market with costly problems to solve and few competitors lining up to tackle them.

Fifteen hours of continuous broadcasting, with radio and television on at the same time, and a national donation pot that ended up weighing far more than expected. The “United for Venezuela” Telethon, organized by Venevisión, ended at midnight with $2,370,017 raised, surpassing the initial goal of $1.5 million and the second goal of $2.25 million, which was set along the way. The cause: those affected by the twin earthquakes, measuring 7.2 and 7.5 in magnitude, that struck on June 24.
The funds will be channeled through United Way Worldwide and its local affiliate, the Voluntary Dividend for the Community, chaired by Ramón Ostos, which was expected to begin distributing the money on Monday. The ultimate recipients are Cáritas Venezuela, the Children’s Orthopedic Hospital together with the Juan Pablo Dos Santos Foundation—which focuses on prosthetics for amputees—and Fe y Alegría. Ernst & Young will conduct the audit.

Credicard Consortium continues to expand its physical presence across the country. Through its CredicardPOS brand, the company opened a sales office in Puerto Ordaz, adding Bolívar state to a network that already covers Caracas, Miranda, Zulia, Carabobo, Nueva Esparta, Lara, Aragua, Táchira, Monagas, Anzoátegui, Barinas, Guárico, Mérida, Portuguesa, Sucre, and Trujillo. This is no small move: in a business where merchants worry about being unable to process payments on a Friday night, having technical support close at hand matters just as much as the price of the equipment.

📊 A market that’s no longer just a "side hustle"
When you think of the sectors that really move money in Venezuela, banking, formal retail, and services come to mind. But there’s a parallel economy growing every month with hardly anyone paying attention: the pet industry. Asdrúbal Oliveros, an economist and partner at Ecoanalítica, put some numbers on the table, and they’re surprising: the sector now generates between $200 million and $300 million a year, with its long-term potential estimated at around $2 billion.

Banco del Tesoro decided not to wait for people to cross the door of a branch office. This weekend, it set up two simultaneous operations from its mobile T-move offices: one in the city of Valencia and another in Parish 23 de Enero in Caracas. The offer was not limited to opening accounts: there was delivery of Master Debit cards, products such as Tesoro Joven, Tesoro Gamers, and Amigos de las Mascotas, updating of data, and perhaps the most relevant for the ecosystem—activation of point-of-sale terminals for merchants and entrepreneurs.

📊 A recognition that is worth more for what it reveals than for the badge
R4 Banco Microfinanciero, the institution that until the end of 2024 was known as Mi Banco, announced that it obtained the Great Place To Work® Venezuela Certification, valid for one year, between September 2026 and September 2027. At first glance, it seems like just another human resources announcement—one of those that gets published and then forgotten. But in the Venezuelan banking context, where the turnover of qualified personnel has become a silent headache, the information deserves another interpretation.

On September 18, 2026, the delivery of the stipend from the Social Movement Somos Venezuela for the current month began—an payment that is distributed in stages through the Carnet de la Patria. The figure confirmed by Canal Patria Digital provides a concrete number: Bs. 4.556,30, equivalent to about US$5,37 at the current exchange rate of the Central Bank of Venezuela.
📊 The numbers behind the announcement
Compared to August 2026, when the deposit was Bs. 4.190,60, the increase reaches 8,73%. That is, nearly one ninth more bolívares in the beneficiaries’ pockets compared to the previous month. The unavoidable question, however, is how far that increase goes when measured against the dollar, against the basic basket, or against what you can actually buy today in a grocery store, a pharmacy, or a bakery.

The Venezuelan oil-rig board has a new contender, and it certainly didn’t arrive quietly. North American Blue Energy Partners (NABEP), the company led by Venezuelan businessman Alejandro Betancourt, announced that it has already secured a considerable operating arsenal: 60 drilling platforms, 30 steam boilers to mobilize heavy crude, and 70 pieces of heavy machinery equipment. Two of those rigs left Houston aboard the cargo vessel BBC Washington, with about six days of sailing ahead until Venezuelan waters.

📊 A meeting in New York that points to reservations
The meeting between the Acting President, Delcy Rodríguez, and the Managing Director of the International Monetary Fund, Kristalina Georgieva, took place within the framework of the UN’s 81st General Assembly and had a fairly specific focus: the path for Venezuela to access and release the reserve assets it holds with the organization in the form of Special Drawing Rights, an amount that has been calculated at around US$4.5 billion.