Bancamiga registered the highest equity growth in the Venezuelan financial system over the last year, a result that allowed it to gain a position in the ranking and consolidate its place among the 10 largest banks in that category at the end of May, occupying seventh position, according to figures…
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deposits
Paper check payments are not yet disappearing
Current payment systems are almost entirely digitized. The use of paper money is declining worldwide, as is the use of paper checks. But this payment method remains valid.
Among the reasons justifying the current use of paper checks is the…
Silvergate crypto bank lost 877 million in 2022
Silvergate Capital, an entity focused on Bitcoin and blockchain companies and owner of Silvergate Bank, recorded losses of 948.6 million dollars (877 million euros) in 2022, compared to attributable net profit of 75.5 million dollars (70…
Americans invest in cryptocurrencies
A survey conducted by The State of Consumer Banking & Payments to 2,200 people determined the increase in the investment of Americans in cryptocurrencies as one of the preferred investment alternatives compared to traditional media.…
National executive could establish a multi-currency system
The economist Ronald Balza explained during a radio interview that the national executive should allow the Venezuelan financial system to have various products that facilitate financial intermediation.
According to Balza, the government…
Venezuelan inflation could close between 1,400 and 1,500 % by December
Venezuelan inflation has been decelerating compared to previous years. It is estimated that by the end of 2021 it will close at levels close to 1,400 or 1,500 %. This was stated by the CEO of the consulting firm Aristimuño Herrera &…