A Venezuelan pastry shop, Tortas Don Eduardo, accepts bitcoin, despite the fact that acceptance has been slow, according to diariobitcoin.com, a Latin American bitcoin journal. The proprietor, Eduardo Hernandez, investigated bitcoin while using the web in his work.
“At first, the concept of bitcoin is strange, but if you work on the web like me or if you sit to investigate the matter, (it) turns out to be a possibility when doing business,” Hernandez said.
Why Accept Bitcoin?
Hernandez adopted bitcoin on account of its growth as a currency, its market value, and its ease of transaction. In Venezuela, bitcoin serves as an alternative exchange control, which allows users to accumulate foreign currency gains.
“The bitcoin is not regulated by the laws of Venezuela or by any government, so that these legal limitations are no longer an obstacle,” he said.
The Venezuelan government has taken a strict stance on foreign currencies, including bitcoin, CCN reported in October.
Early last year, CCN reported that CANTV, Venezuela’s