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Business News July 2, 2022

Coincoinx to launch crypto-to-fiat payment app in Venezuela

Venezuela-based cryptocurrency exchange Coincoinx has announced the launch of a service that combines cryptocurrencies and fiat currencies for traditional payments.

The service, called Coinpago, is designed to allow the exchange’s customers to bypass their cryptocurrency transactions for fiat-based payments, so they can make payments anytime, anywhere.

Coinpago will let users skip the exchange phase, making it possible for them to use the Pagomovil service, allowing people to pay anywhere this bank-based payment method is accepted.

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