Online sales in Venezuela are projected to exceed 15 % by the end of 2025, according to Richard Ujueta, president of the Venezuelan Chamber of Electronic Commerce (Cavecom-e).

Ujueta estimates that the top-selling products will be “home goods, technology, and telemedicine, which are the best-selling items through digital channels.”

It’s important to remember that in addition to the discounts offered for several days during Black Friday, stores take advantage of the holiday season to attract customers.

Families are looking to take full advantage of the Christmas sales to buy appliances, clothing, shoes, cell phones, and other products.

M.Pino

Source: elsoldemargarita

(Reference image source: John on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Online sales to increase over 15 % by the end of the year in Venezuela apareció primero en Bitfinance.

During 2025, remittances from Venezuela to countries such as Colombia, Peru, and Ecuador have increased, particularly in USDT, according to a recent statement by Richard Ujueta, president of the Venezuelan Chamber of Electronic Commerce (Cavecom-e).

The executive indicated that, according to official figures, there has been an increase in cryptocurrency remittances sent to these countries. He also highlighted that “90 % of remittances entering Venezuela are in USDT.”

Ujueta specified that, with respect to the Binance exchange, there are “more than 5,000,000 users; 20% of the population is currently using cryptocurrencies.”

The executive maintained that cryptocurrencies are an alternative for citizens in the country, highlighting the increase in the adoption of digital assets, adding that “e-commerce has been an important lifeline for the Venezuelan economy.”

M.Pino

Source: ultimasnoticias

(Reference image: Shubham Dhage on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Remittances in cryptocurrencies from Venezuela to other countries increase apareció primero en Bitfinance.

The Venezuela Productiva 2030 Business Expofair, organized by UNDP, CAF, and Cavidea, will be held at the Renaissance Hotel, in Caracas, from October 22 to 24, according to a recent announcement by Cavecom-e President Richard Ujueta.

The event aims to “highlight the importance of sustainable value chains, aligning with the Sustainable Development Goals (SDGs)” at a global level, with which the South American country seeks to align itself.

 

Ver esta publicación en Instagram

 

Una publicación compartida por Cavecom-e (@cavecom_e)

It will be a meeting of representatives from the public and private sectors, SMEs, business associations, universities, and other productive sectors in Venezuela to showcase their innovative initiatives, as well as promote networking and strategic alliances, as well as productivity and competitiveness.

Ujueta will be one of the panelists at this event, which will offer business roundtables to create real alliances, a brand and innovation fair with transformative proposals, inspiring conferences with voices that drive change, and new ways to connect, collaborate, and inspire one another. It will also be the occasion for the presentation of the Venezuela Productiva 2030 National Award, which recognizes initiatives that are making a difference in the country.

M.Pino

With information from venezuelaproductiva2030.com, national media, and social media

(Reference image: Headway on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Venezuela Productiva 2030 will highlight the country’s alignment with the sustainable development goal apareció primero en Bitfinance.

The president of the Venezuelan Chamber of Electronic Commerce (Cavecom-e), Richard Ujueta, noted that the use of cryptocurrencies to send remittances to the country has increased by 40 %.

Ujueta indicated that the “use of stable cryptocurrencies” responds to “the search for faster, cheaper, and more secure solutions compared to traditional methods.” In an interview with Fedecámaras Radio, he added that “remittances with stablecoin cryptoassets—such as USDT (Tether), USDC (Circle/Coinbase), and BUSD (Binance)—have shown sustained growth, aligned with the global trend.”

The trend is part of a structural shift in the remittance market, as traditional players like Western Union are committed to developing stablecoin-based platforms to compete in an increasingly digitalized market.

Regarding Venezuela and cryptocurrency adoption, the country “maintains one of the highest Bitcoin reserves in Latin America, although far below El Salvador, which holds 6,232 BTC (about $679 million),” according to data from Bitcoin Treasuries. In fact, the South American nation’s reserves are around 240 BTC, equivalent to $26 million.

Thus, Venezuela is positioned as one of the Latin American markets with the highest penetration of financial technologies, which is a driving force behind access to remittances.

M.Pino

Source: finanzasdigital

(Reference image source: Kanchanara on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Cavecom-e: cryptocurrency use for remittances in Venezuela grows 40 % apareció primero en Bitfinance.

The president of the Venezuelan Chamber of Electronic Commerce (Cavecom-e), Richard Ujueta, has indicated that in Venezuela, half of the companies are selling online to increase sales.

According to a report from the Chamber, “for the first four months of 2025, 41 % of national companies will sell their products and services online.”

Ujueta affirms that merchants have opted for this online sales method “as a strategy to increase their sales and gain access to other markets.”

Projections for the end of 2025 point to an increase in the percentage of companies using the Internet as a marketing platform.

M.Pino

Source: bancaynegocios

(Reference image source: SumUp on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Cavecom-e says national companies are selling online to increase sales apareció primero en Bitfinance.

During the first quarter of 2024, electronic commerce in Venezuela grew 20 %, according to the president of the Venezuelan Chamber of Electronic Commerce (Cavecom-E), Richard Ujueta.

The information was provided this Monday during a radio interview, where Ujueta indicated that “Venezuela is preparing for cross-border trade.” He added that it is essential to continue working on the issue of electronic invoices as a key point in exports.

According to the official, electronic commerce has shown sustained growth, which inserts the country into the global change, where estimates at the beginning of this year by eMarketer stood at over $6 billion in 2024 and $7 billion by 2025.

M.Pino

Source: eluniversal

(Reference image source: Unsplash+, in collaboration with Getty Images)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Electronic commerce in Venezuela grew 20 % in the first quarter apareció primero en Bitfinance.

The president of the Chamber of Electronic Commerce (Cavecom-e), Richard Ujueta, has shared his vision about the transformative role of this sector in Venezuela. In his opinion, this modality has given Venezuelans the opportunity to overcome the severe crisis that the country is going through.

They are changing the rules of the game

Ujueta emphasizes that electronic commerce is not only a response to economic difficulties, but also a disruptive element that has demonstrated its ability to reduce the ecological footprint. This is because it allows people to make purchases from the comfort of their homes, avoiding unnecessary trips and streamlining the purchasing process.

In the Venezuelan context, Ujueta highlights that the country has one of the most significant informal electronic commerce markets in the region. However, the president of Cavecom-e hopes that the State implements the essential structures, regulations and tools to formalize electronic commerce in the country. This includes the adoption of e-invoicing and payment buttons as critical components.

The case of mobile payment

Ujueta also emphasizes the innovation generated by the Venezuelan crisis, recalling that mobile payment, a solution that is being applied in several countries, had its roots in Venezuela as a response to economic difficulties.

The president of Cavecom-e emphasizes that electronic commerce is not just a purchasing method, but a complete industry that significantly influences the economy. In some countries, this sector represents up to 28 % of the Gross Domestic Product (GDP).

Ujueta emphasizes the importance of the “door-to-door” method, which involves eight different sectors working to promote electronic commerce in the country.

With information from Doble Llave

(Referential image source: Austin Distel, Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Electronic commerce represents an economic engine for Venezuela apareció primero en Bitfinance.

On November 24 and 25, the II International Congress of E-Commerce Venezuela 2021 will be held. It is a virtual event with free access, organized by the Cámara Venezolana de Comercio Electrónico (Cavecom-e) under the auspices of the Consejo Nacional del Comercio y los Servicios (Consecomercio).

“Our mission is to promote and promote a true digital economy, which is why this second edition is an opportunity to continue building it, not only in our country but throughout the region. The digital ecosystem shows that it is possible to transcend borders with cutting-edge ideas and developments”, highlights Richard Ujueta Contreras, president of Cavecom-e.

The activity will bring together 20 high-level speakers from 7 countries for two days. Likewise, 15 success stories of national and international companies will be presented. The development of the Congress can be seen through the Cavecom-e platform by 3000 participants, previously registered through https://congreso.cavecom-e.org.ve/.

“The II International Congress is more than a meeting place for e-commerce professionals, it is also a key that opens doors to the world of opportunities and business. A space to connect with customers and suppliers”, adds José Yvan Bohórquez, director of digital media at Cavecom-e.

Global vision

This meeting will deal with topics like entrepreneurship and international leverage, mobile technologies and innovation; delivery and logistics; distance education and legal matters.

In the areas of administration and finance, the B2B & B2C models, means of payment (Fintech) and the role that cryptocurrencies play in electronic business models will be addressed.

The meeting will emphasize the need for “digital transformation”, which includes the digital citizen, the electronic invoice, the digital notary, the digital company and digital accounts. In the same way, the subject of taxes, formal Zelle duties and double taxation will be exposed, as well as adhesion contracts and trademarks.

The Congress is sponsored by REM Marketing, Banco Plaza, Barracuda, Mercado Libre, 1000 Pagos and Digo.

For more details on the activities agenda you can visit the site www.cavecom-e.org.ve and follow them on Instagram: @cavecom_e.

With information from Cavecom-e

La entrada Cavecom-e organizes the II International Congress of E-Commerce Venezuela 2021 apareció primero en Bitfinance.