The president of the National Council of Commerce and Services (Consecomercio), José Gregorio Rodríguez, forecasts a possible 10 % increase in sales in December.

Rodríguez referred to the last month of the year, when Christmas shopping boosts the market, while acknowledging that merchants face various challenges related to the exchange rate differential, but also linked to the inflation rate, with an average estimate of 250 % by the end of the year.

The executive urged authorities to conduct a review of the tax issue and specified that “more foreign currency must be allocated to priority areas, to areas considered important, because otherwise, this will translate into price increases and adjustments, and ultimately, the market will have a significant impact.”

According to Rodríguez, “63 % of the population lacks significant purchasing power and is limited to purchasing food, medicine, and toiletries. What we would like is to sell much more volume, not adjust prices, but we have some realities that we have to face.”

M.Pino

Source: bancaynegocios

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La entrada Consecomercio estimates a 10 % increase in sales in December apareció primero en Bitfinance.

The Minister of National Commerce of Venezuela, Luis Antonio Villegas Ramírez, indicated that payments in bolivars have increased by 90 % in the country following the elimination of the Tax on Large Financial Transactions (IGTF)

According to the official, the lifting of this tax “is generating a notable increase in the use of the national currency in Venezuela, especially for payments.” He added that transactions in dollars fell to 10 %.

According to Villegas, this dynamic in the national commercial sector reflects “a strategy designed by Nicolás Maduro, within the framework of the National Economic Council, to strengthen the domestic economy.”

This trend toward increased use of the bolivar in transactions extends to e-commerce, where a 55 % growth is expected so far in 2025.

In this regard, the minister emphasized that this increase has been supported by various working groups with the Venezuelan Chamber of Electronic Commerce (Cavecom-e).

M.Pino

Source: elnacional

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La entrada Payments in bolivars increase by 90 % apareció primero en Bitfinance.

Kazakhstan has approved a pilot project for the launch, through the National Bank, of the first payment card linked to cryptocurrencies such as Bitcoin, which will allow users to make purchases by connecting to their digital wallets.

The main requirement is that they be “registered on platforms authorized by the Astana International Financial Center (AIFC),” the country’s authorities have indicated.

When the user wishes to make the payment, the cryptocurrency is converted to the local currency and credited to the card to complete the transaction. This integration between banks and crypto-asset platforms seeks to facilitate the everyday use of digital assets without the need for intermediate steps.

Another initiative Kazakhstan is working on is the launch of other projects related to digital finance: “from the issuance of stablecoins backed by the tenge—the country’s official currency—to the tokenization of financial assets and real estate. Legislative reform is also planned to establish clear rules for the use of backed and unbacked digital assets.”

The Kazakh government seeks to become a regional benchmark in the field of innovation and the cryptocurrency market.

M.Pino

Source: cripto247

(Reference image source: Mariia Shalabaieva on Unsplash)

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La entrada Kazakhstan to launch the first state cryptocurrency payment card apareció primero en Bitfinance.

The cryptocurrency exchange Binance has partnered with payment solutions company Worldpay®, allowing customers to now purchase digital assets directly from Apple Pay and Google Pay.

Both are popular payment methods used by Binance customers. Those with a credit or debit card linked to these apps “will be able to start purchasing cryptocurrencies directly from the Binance app or website immediately, using fiat currency to make their purchases.”

As Thomas Gregory, Vice President of Fiat Services at Binance, explained: “Worldpay® is recognized as one of the world’s leading eCommerce payments companies and is a natural partner for Binance by offering Apple Pay and Google Pay to our users—providing greater accessibility and options to purchase cryptocurrencies with two of the most popular mobile payment methods.”

Separately, Nabil Manji, Director of FinTech Growth and Financial Partnerships at Worldpay®, highlighted that “digital wallets like Apple Pay and Google Pay have established themselves as the preferred payment methods for consumers globally,” and now Binance is facilitating access to cryptocurrencies “by offering even more payment options, allowing users to explore the crypto world with greater ease and confidence, ultimately improving the user experience.”

M.Pino

Source: cripto247

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La entrada Binance allows cryptocurrency purchases through Apple Pay and Google Pay apareció primero en Bitfinance.

The Nexo cryptocurrency exchange platform established an alliance with the card issuer Mastercard for the launch of a credit and debit card.

It is a dual card that will allow payment for purchases and debit and credit transactions. Customers in Europe and the United Kingdom, markets where the instrument will be available at the moment, will be able to “carry out their day-to-day financial operations with the card, using the debit mode for daily transactions, and the credit mode for purchases involving large amounts of capital.”

Some 100 million businesses that operate through the Mastercard network are authorized in these European regions to accept the Nexo card.

The platform has indicated that with this launch, in partnership with Mastercard, it seeks to facilitate transactions for users in their daily lives, without having to change the payment instrument and from the same interface.

According to the exchange: “In addition to the double functionality, the company indicated that users can accumulate 9 % annual interest on their crypto holdings, which will be paid directly in debit mode to reward them. As for the credit mode, each operation made with the card will generate a 2 % refund.

Customers in Europe and the United Kingdom must apply for the card through the website of the platform or the application. The new payment instrument is available in both a physical and digital version.

M.Pino

Source: diariobitcoin

(Reference image source: Blake Wisz, Unsplash)

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La entrada Nexo launches dual card in partnership with Mastercard apareció primero en Bitfinance.

The main provider of crypto wallets, Metamask, announced a series of facilities in the Brazilian environment, with the incorporation of the local payment system Pix, which will allow the purchase of cryptocurrencies with the real, the national currency.

Pix is ​​the payment system created in 2020 by the Central Bank of Brazil, with the aim of facilitating transfers between peers in a few seconds. It quickly became the go-to for crypto trading, to the point of being used by Binance.

Metamask now offers the option to purchase digital assets with reals, by partnering with payment infrastructure MoonPay, which only charges a 1% commission for the transaction, in addition to an undisclosed network fee.

It is important to note that currently “the Central Bank instant payments system is available to purchase any wallet-compatible token, such as those running on ethereum (ETH), polygon (MATIC), binance smart chain, avalanche (AVAX) and zeal (ZEAL)”.

Undoubtedly, the opening that Metamask promises now in Brazil ensures a greater consolidation of the adoption of cryptocurrencies in the South American country.

M.Pino

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Source: diariobitcoin

La entrada Metamask wallet allows buying cryptos with official currency of Brazil apareció primero en Bitfinance.

In recent information on its official blog, Meta announced the activation of WhatsApp chat-based shopping feature in India. It is focused on the process of digital transformation in the nation.

According to Meta, the population in India will have the option to purchase supermarket products through the new WhatsApp functionality, thanks to Meta’s partnership with JioMArt.

The feature is activated once users of the messaging network send a simple “Hello” to JioMart’s WhatsApp number. There the option to review the product catalog for a potential purchase is activated.

Mark Zuckerberg sent a message through his Facebook account announcing the launch of this function, where he emphasizes the purpose of contributing to the insertion of India in online shopping, with options for millions of citizens who had never before made a purchase through the mobile phone.

Without leaving the WhatsApp chat, customers review the list of offers and can make their purchase, easily, quickly and safely.

M.Pino

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La entrada WhatsApp activates purchases from the chat apareció primero en Bitfinance.

Instagram has implemented in its social network purchases directly from the conversations that users have with small businesses, a novelty that includes payment and order tracking.

Every week, more than a billion people contact businesses through Meta applications to answer questions about their products and services, seek help or simply to interact with their content.

This relationship between the user and a small business has been extended with the possibility of buying products directly from the chat thread, as reported by Instagram in a statement. This possibility will be available as long as the business is qualified by the platform.

The user, just by starting a conversation with the business, can, in addition to answering their questions, place a purchase order and pay it instantly using Meta Pay. From this conversation thread you will also be able to track your order.

The novelty of the social network allows small businesses to start selling through Instagram before establishing their digital commerce in the stores of this platform and Facebook.

Source: dpa

La entrada Instagram introduces purchases directly from the chat apareció primero en Bitfinance.