Venezuela’s payments network Conexus confirmed this week that local banks are preparing to integrate Bitcoin and stablecoin services by December, enabling users to access crypto directly through regulated banking channels. The announcement was shared through industry briefings cited by regional fintech sources on Thursday.
The integration is expected to impact both retail users and businesses, allowing crypto custody, transfers, and crypto-to-fiat conversions within traditional bank accounts. The move comes as Venezuelans increasingly rely on USDT and other stablecoins for daily transactions amid ongoing currency devaluation. Analysts view this as a strategic step toward modernising the financial system and reducing reliance on informal crypto platforms. Banks are also exploring partnerships with fintech startups to ensure smoother implementation and wider accessibility for underbanked communities nationwide.
Conexus said further details on onboarding timelines, supported assets, and compliance requirements will be released in the coming weeks. Regulators are expected to outline operational guidelines before the rollout begins.
Source: https://x.com/wublockchain12/status/1984186561022341386
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