Venezuela prepares for financial revolution with new blockchain-based network

Rodolfo Gasparri, president of Conexus, which manages one of Venezuela's two banking networks, has announced plans to implement blockchain technology to create a new interbank network. In an interview with Banca y Negocios, he noted that this innovation will enable the storage of stablecoins and simplify interbank transactions. Gasparri emphasized that it is important to integrate cryptocurrency solutions into the banking system, given the current needs of the Venezuelan population, which actively uses stablecoins as protection against inflation.

Source Bancaynegocios

According to Gasparri, today the financial transaction system processes about 8 million payments per day, 40% of which are made through mobile payment systems. By the end of this year, the use of mobile payments is expected to equal that of traditional card transactions. Gasparri believes that the launch of the new network will significantly increase the security of financial transactions and ensure their legality. He cites the example of Spain's BBVA, which has already introduced the possibility of conducting transactions with stablecoins.

The integration of the interbank system could be an important step in the evolution of financial services in the country, ensuring greater financial accessibility and stability. Gasparri emphasizes that interaction with regulators guarantees the introduction of new technologies in a secure environment. This not only responds to current challenges but also opens up new horizons for the development of the Venezuelan economy.

Translated with DeepL.com (free version)