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31/10/25 16:40 UTC-04

Bitcoin and Stablecoins to Be Integrated into Venezuela’s Banking Network

Venezuela is currently developing a system that will bridge traditional banking with blockchain technology.

Conexus, the company responsible for processing 40% of all electronic transfers in the country, is building a platform that will allow banks to use Bitcoin and stablecoins for financial operations.

Once completed, the system will enable Venezuelan banks to offer custody and transfer services for these digital assets, as well as convert them into fiat currencies.

Conexus CEO Roberto Gasparri explained that the initiative was driven by the growing public demand for a stable store of value and better management of digital assets:

“We are working on a blockchain-based project because currency exchange rates are highly volatile. People in Venezuela already use stablecoins as a hedge against inflation,” Gasparri said.

He emphasized that banking regulation will ensure a high level of security, making the circulation of Bitcoin and USDT transparent and compliant with financial standards — thus protecting asset holders.

While the launch date for the platform has not yet been announced, local reports suggest it could go live as early as December 2025.

Experts note that Venezuela’s initiative could serve as a model for other countries struggling with high inflation and currency devaluation.

See also: "Bitcoin Price Today: Stalls at $110K with October Losses"

#Bitcoin (BTC) #Blockchain #National

Editor: Yuliya Soroka
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