NEW WAY TO SEND & RECEIVE CRYPTOCURRENCY WITHOUT INTERNET DEVELOPED IN VENEZUELA

In Venezuela, poor Internet services are a serious impediment to people using cryptocurrency transactions, at least until now. Cryptoalgo, a local virtual asset exchange platform, has just announced the launch of a service for processing cryptocurrency transactions via text messages, which would not require an internet connection.

A few months ago Nicolas Maduro, president of Venezuela, called on technology companies to collaborate with the development of alternative payment methods to the use of the traditional banking system, specifying that these methods should be compatible with the newly created Petro cryptocurrency.

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