Big news takes over crypto twitter. Venezuelan government is now accepting bitcoin payments via BTCPay Server, for passport applications from Venezuelans abroad. BTCPay Server, confirmed the news after Javier Bastardo, writer for Spanish Cointelegraph tweeted the about it yesterday.
Although this is big news, there are still some quirks that need to be sorted. For one, this option is not available for Venezuelans in Venezuela.
This may be an easier option than credit cards. Although credit card payments have been enable, there are fees associated with these kinds of transactions, which makes bitcoin the favourable option.
Earlier this year, it was announced that crypto payments could be made in the country using Venezuela’s own cryptocurrency, the Petro (PTR). This this news, Maduro’s regime recently announced that almost 15% of all fuel payments across the country were made using the Petro.
This is big news for the bitcoin world, and shows huge advancements in institutional and government adaptation of crypto.