
The Venezuelan government, in conjunction with the Conexus payment system, has launched a major project to introduce digital currencies into the country's banking system. The point is to create a special platform that will allow banks to work with crypto, for example, with bitcoin and stablecoins like USDT. The launch is scheduled for December 2025.
The main performer is Conexus, the leader of the payment market in Venezuela, which processes a huge flow of electronic payments. The platform will run on the blockchain and will allow banks to securely store crypto, send transfers and exchange cryptocurrencies for regular money.
The main reason for this step is the economic situation in the country, where there is high inflation and an unstable exchange rate of the national currency. Many Venezuelans are already using stablecoins to protect their savings, but so far this is happening informally, outside of banks. The new system should legitimize and streamline this process.
This project is very important for the entire financial system of Venezuela. If the platform is successful, it can strengthen financial stability and give people more reliable ways to save money. In addition, this experience may be useful to other countries facing similar economic problems.
Venezuela has decided to introduce Bitcoin and stablecoins into its banks, and this looks like a perfectly reasonable move in their difficult economic situation. This approach can serve as an example for other countries that are looking for new ways to work with digital currencies. Ultimately, this may lead to the creation of a completely new system in which traditional finance and cryptocurrencies will work together, complementing each other.