The financial situation in Venezuela continues to evolve in interesting directions. While Bitcoin is still frowned upon in the country, it is also becoming more common. XPay, a cryptocurrency payment processor, is now offering its services in Colombia and Venezuela. As such, pharmaceutical goods can now be purchased with Bitcoin, assuming people are willing to give this method a chance.
A Bold Move by XPay
Latin and South American countries seemingly do not like Bitcoin all that much. Although cryptocurrency can solve these countries’ hyperinflation concerns, the governments simply do not see the benefit. Instead, they will often try to oppose this form of payment altogether. That is not good news for crypto payment service providers like XPay. Although this company isn’t widely known, they are worth keeping an eye on.
More specifically, the company recently expanded its services to additional countries. Both Colombia and Venezuela are now part of their network. This is done to improve upon overall cryptocurrency adoption,…