Monday, October 12, is a national holiday in Venezuela, commemorating Indigenous Resistance Day. Bank branches throughout the country will be closed.

The Superintendency of Banking Sector Institutions (Sudeban) recommends that users of the national banking system conduct their transactions in advance and use digital channels to avoid any inconvenience.

Customers will be able to check their account balances online, make mobile payments, transfer funds, and pay for utilities or subscriptions. These transactions can be performed in advance or during the holiday.

In addition, ATMs available throughout the country will be accessible for balance inquiries, cash withdrawals, PIN changes, and other services.

M.Pino

With information from national media outlets

(Reference image source: file)

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The BankChain Alliance, formed by 39 banking associations in the United States, is scheduled to launch in 2027. They aim to give the industry its own blockchain network to establish smart payments, tokenized deposits, and stablecoin transactions.

The BankChain Alliance is “an industry-owned, industry-designed, and industry-governed network,” operating within the regulated sphere of national banking. Kathy Kraninger, CEO of the Florida Bankers Association, was selected to lead the project.

The official described it as “a secure and regulated network for banks of all sizes, including those in rural communities.”

Currently, there is no technology partner, so the changes have not yet been described. In any case, it is expected that BankChain Alliance will be able to operate with other blockchain systems.

“If the project moves forward, the competition will not only be between crypto companies and banks, but also between banking rails for tokenized money and public networks.Until there is a technology partner, a pilot program, or a concrete implementation, BankChain remains a project under development, although the announcement shows that traditional banking is looking to take a more active role in blockchain-based financial infrastructure.”

M.Pino

Source: cripto247

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Creating a good payment plan before Christmas Day is useful for maintaining good business and family relationships, as well as ensuring continued access to the services you usually enjoy at home or through your mobile phone.

In this regard, it is recommended to establish a payment schedule, perhaps programmed through your bank account, so that services are automatically debited.

On the other hand, if you are up-to-date with your subscription plans, for example, then you can focus on making bank transfers in advance to the family and friends on your Christmas list.

If possible, obtain enough cash for daily expenses or unexpected events, such as gas or a last-minute gift you might have forgotten.

Saving, a word hardly anyone mentions these days, is another option at this time of year. It can be achieved by withdrawing cash in advance or by placing a modest amount of money in a fixed-term deposit, which will surely be very useful in 2026.

M.Pino

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The Central Bank of Venezuela publishes on its official website the value of the dollar for this Thursday, February 22, which closes at 36.23 bolivars.

The exchange rate is valid for the entire national territory, for purchase and sale transactions, until the next update this Friday, February 23.

The BCV is the regulatory entity that establishes the parity of the dollar with respect to the bolivar at the end of the operations of the exchange tables of the participating banking entities.

Atención🔵|| El tipo de cambio publicado por el BCV es el promedio ponderado de las operaciones de las mesas de cambio de las instituciones bancarias. Al cierre de la jornada del día Jueves 22-02-2024, los resultados son:#MercadoCambiario #BCV🇻🇪 pic.twitter.com/hMIwyVLwe9

— Banco Central de Venezuela (@BCV_ORG_VE) February 22, 2024

M.Pino

Source: Banco Central de Venezuela

(Reference image source: BCV, archive)

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The Board of Directors of Activo Banco Universal appointed Diego Ricol as executive president of the financial institution. This appointment responds to the bank’s growth and positioning strategy in the Venezuelan market.

Diego Ricol, engineer, graduated from the Andrés Bello Catholic University, with a proven track record and experience in Venezuelan banking, he has held various positions in national banking, being the most recent executive president of Banplus.

Ricol arrives at Banco Activo after having carried out important work as executive president of Banplus. He is an engineer graduated from the “Andrés Bello” Catholic University and is also a graduate of the IESA Institute of Higher Studies in Administration.

In a communication signed by the president of the board of directors of Banco Activo, Alejandro Montenegro Díaz, it is noted that Ricol arrives “accompanied by a” team of professionals in the banking area. “This incorporation responds to our growth and positioning strategy in the banking system.”

Banco Activo has been developing a strategy leveraged on technology to become more efficient and satisfy with products tailored to the niches it wants to address, such as entrepreneurs, a segment where it aspires to grow with a timely and accessible credit policy.

During the presentation of the new image of Banco Activo, the president of the board of directors Montenegro Díaz recognized that competing in a highly concentrated bank is complex, but with a focus on specific market niches and technological capacity to generate profitable products and services, the entity can grow steadily.

In fact, as part of Banco Activo’s restructuring on its path to being an essentially digital bank, the number of agencies was reduced from 55 to 28, strategically located in 16 cities in the country.

With information from national media and social networks

(Referential image source: Activo Banco Universal)

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