Since returning to Venezuela, I've stopped using cash.
It's unbelievable, but true.
I receive my work payments digitally, sometimes in SATS, dollars, or bolivars. But everything is digital.
Making a purchase at a food store, a clothing store, or anywhere else, is done with digital payments. Even paying for public transportation is something we do with our phones.
ATMs are practically nonexistent, and when you do find one, you have to know the hours they usually have cash available; most of the time you won't find any bills in the ATMs.
People who manage to get their hands on cash opt to sell it with a 10% markup. That is, for every 100 VES, you have to pay 10 VES.
It's funny, unbelievable, and at the same time, absurd.
At my daughter's school, they asked for 500 VES for an activity with the children, specifying that the 500 VES had to be brought in cash.
π It was quite an ordeal to get the 500 VES.
Finally, a neighbor lent me the money, on the condition that I would pay it back in cash. π It seems like a simple task, but it wasn't.
From yesterday afternoon until today, I was finally able to find the cash to pay it back. The money was in my account, but I couldn't find anyone to receive a transfer in exchange for the cash.
The most incredible thing is that this amount is minimal, practically insignificant.
If I were to need a large amount of cash, I think it would be virtually impossible to find. Without paying a commission for those bills.
And the most incredible thing is that in this whole environment of payments and digital money, practically less than 5% of the population in Venezuela knows about and uses Bitcoin.
Absolutely the majority uses these centralized payment methods and the worthless money issued by governments.
Iβve heard itβs a monetary mess, with various exchange rates. And depending on where you go to pay, they charge you different prices. Whether you pay in bolivars or dollars, the prices vary.
On the other hand, I think itβs crazy how difficult it is to get hold of cash.