The banking system in Venezuela, while it may be linked to operations with cryptocurrencies in peer-to-peer (P2P) markets due to its transactional nature, is falling behind in terms of handling or directly marketing digital assets.
Colombia, with Bancolombia, or Spain with Santander, among other countries, already have platforms that allow their users to trade with bitcoin $BTC stablecoins or other digital assets. The story in the case of Venezuela is still to be written.
For Richard Ujueta, president of the Venezuelan Electronic Commerce Chamber (Cavecom-e), the banking sector is missing a business opportunity.
However, the executive believes that it is only a matter of time before this type of service begins to be offered in the 'vinotinto' country.
"Banks in Venezuela already have to sell cryptocurrencies; it is a sector that has great momentum all over the world. They (the banks) are being left out of the service, and we see from Cavecom-e that the flow of capital is going that way," said Ujueta.
For the executive, the national banking system is already connected with companies in the 'crypto' ecosystem. One example of this progress is the alliance established in February with the company Crixto, which resulted in new payment alternatives in commercial establishments.
