I just bought 1,000 $PEPE . According to my calculations, if the currency reaches $1,000 each, not only will I pay off my debts, but I will also buy the entire building from my boss, resign by helicopter, and declare my house as independent territory. There's just one small detail... it needs to rise by 23,000,000,000%. Just a matter of time!" #PEPE #milagro
Another laundry of the regime that will soon die like all the others!!
PrzRmsJohnJr Square-Creator
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Bullish
The Venezuelan fintech Kontigo shows in the latest update of its app the possible arrival of credits.
Brief response: Yes, the Venezuelan fintech Kontigo has revealed in its latest app update that it plans to introduce a credit system in cryptocurrencies, with amounts that could reach up to 1.000 USDC.
🚀 Kontigo and the arrival of credits in Venezuela
New functionality: The Kontigo mobile app shows in its interface the option for credits, suggesting that it will soon allow users to access loans backed by stablecoins like USDC.
Estimated amount: According to what has been revealed, the credit lines could reach up to 1.000 USDC, a significant figure in the Venezuelan context, where access to banking financing is very limited.
Objective: Kontigo aims to offer immediate liquidity and financing alternatives in a country where traditional credits are scarce and difficult to obtain.
Crypto ecosystem: The fintech already allows the conversion of dollars into USDT through partnerships with local banks like the National Credit Bank (BNC), facilitating the entry and exit of digital currencies.
⚠️ Risks and considerations Regulatory volatility: The Venezuelan legal framework on cryptocurrency credits is still uncertain.
Dependence on stablecoins: Although USDC and USDT are more stable than other cryptos, they depend on trust in external issuers.
Digital accessibility: Requires users to have access to smartphones and internet connection, which may exclude certain sectors.
In summary, Kontigo is taking a step towards becoming a "crypto super app" in Venezuela, offering not only payments and conversions of digital currencies but now also credits in stablecoins. This could transform access to financing in a country with a very restricted banking system.
Trying to justify the speculation!! from an official dollar to 160xBs to a Usdt 220??
Cartel80
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🌀 The USDT Storm in Venezuela: When the Economy Dollarizes in Silence
Amid an inflation that exceeds 229% annually, Venezuela is undergoing a silent but profound transformation: the bolívar, its official currency, has been displaced by the USDT, a stablecoin linked to the US dollar. What started as a tool for the more tech-savvy has become the new financial language of the people. --- 💸 What is happening? - The official dollar of the Central Bank of Venezuela (BCV) is quoted at 160.44 bolívares. - In the parallel market, the dollar exceeds 230 bolívares.
If the rise of the dollar is due to the low amount of cash, why? do the Usdt rise to the price they want if there is enough Usdt?? usury?? scam??
Os Sánchez
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Bullish
Yesterday, Saturday, August 30, we saw a big drop in the price of Usdt in Venezuela. Many upset, others confused, but what do you think about tomorrow, Monday? How do you think the market will behave, will it continue to drop or will it skyrocket? I anticipate a rising market perhaps close to around 240 bs🤯 during this new week.
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Will I be wrong🤔? Will the law of supply and demand hold true once again?
A question to the "Analysts" of Binance... If the price of the dollar in Venezuela is due to the scarcity.. why the rise in USDT dollars if there are enough?? speculation!!
frak 221288
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Bullish
$USDT good afternoon everyone today I bring a new comparison that directly affects me these prices of usdt in Venezuela 🇻🇪 my country is perfectly clear that scarcity creates competitiveness opportunities but I am already on the verge of disproportionate inflation if I have usdt it is advantageous but to obtain them again it is almost 1.5$ per usdt in bolivars what do you think
I hope they close the accounts of all the usurers!! nothing justifies a ustd at that price!! Nothing!! not even how you want to explain it!!
El pollo 2204
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Ok, this is getting out of control. I will provide an explanation so that everyone understands the problem. In Venezuela, the buying/selling of foreign currency is regulated by the government, which determines its reference price through the Central Bank of Venezuela (BCV) for banks, exchange houses, and any relevant financial institution. Over the years, the BCV has been unable to meet the demand for foreign currency, leading to the emergence of a parallel market that seeks to satisfy that demand but at a higher buying/selling price than the official market, which is that of the BCV. After the arrival of stablecoins, Venezuelans have managed to meet their foreign currency needs (mainly dollars) through the buying/selling of USDT, which began using the exchange rate of the parallel market that exists in Venezuela as a reference. But for a few months now, there has been an attempt to "eliminate" the parallel market, preventing people from knowing the rate and making its use illegal. Now there is no concrete reference for the price in the parallel market, leading to an uncontrolled rise in the price of USDT in the P2P market of Venezuela. Additionally, more and more people are using this alternative, increasing demand, and the rise in the number of people trading in the P2P market to make profits has caused greater discrepancies in this increase.
What is the excuse?? They are usurers!! The drones hopefully block their accounts!! Is there no usdt??
CasyjiretMark
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I think that in the short term we are going to have a problem with the Binance community in Venezuela because of ourselves... but well, we'll wait and see.. 128.24 the official Bcv.. #binancevenezuela #inflacion