Thursday, November 12, 2020

Venezuela, in the depths of a financial crisis, has seen usage of P2P payments app Zelle, owned by seven US banks, surge as people turn to USD for transactions (Bloomberg)

Bloomberg:
Venezuela, in the depths of a financial crisis, has seen usage of P2P payments app Zelle, owned by seven US banks, surge as people turn to USD for transactions  —  When Federico Suárez made an overnight trip to Valencia last month to visit his boyfriend, the 24-year-old Caracas-based lawyer was in the mood to splurge.



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