Venezuela to Launch Crypto Remittance Service

As reported, the new service was launched last week and integrated into the already existing state platform Patri
04 March 2019   451

Residents of Venezuela now able to transfer money service Bitcoin and Litecoin, launched by the National cryptocurrency regulator Sunacrip. This is reported by

The new service was launched last week and integrated into the already existing state platform Patria, offering the possibility of sending funds in cryptocurrency, followed by conversion into bolivars. At the same time, restrictions were imposed on the receipt of cryptocurrency funds in the amount of 10 El Petro in the equivalent of sovereign Bolivars per month. With the special permission of Sunacrip, this limit can be raised to 50 El Petro.

The national cryptocurrency of Venezuela El Petro, according to the government of Nicolas Maduro, is provided with oil, gold, diamonds and other natural resources. Previously, each El Petro coin cost 3,600 sovereign Bolivars, but in December 2018, it raised its price to 9,000 Bolivars, effectively devaluing the national currency against Petro by more than 100%.

The website of the Patria platform states that in order to be able to accept funds in cryptocurrencies, an individual must be a registered user, of legal age and reside in the Republic of Venezuela. The senders of the funds may also be located outside the country.

Patria Remetas
Patria Remetas
Patria Remetas
Patria Remetas

From a technical point of view, to use the platform, the user must enter an e-mail, to which a one-time access code will be sent. Also, the user must enter the first and last name, specify the date of birth and country of residence. The sender must also specify the identification number and date of birth of the recipient.

The next step is for the user to select the cryptocurrency and the transfer amount, after which he will see the exchange rates at the time of the transaction. It is noteworthy that the rates are pegged to the euro, while the amount that will be available to the recipient is calculated on the basis of the official rate of the bolivar, established by the Central Bank of Venezuela. The minimum transfer fee is 0.25 euros in bolivars for each transaction, but it can be as high as 15%.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   958

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”