TechFlow, October 31 — According to Bitcoin.com, Venezuelan payment processing company Conexus is developing a system to integrate Bitcoin and stablecoins into the country's banking network, with an expected launch as early as December. The system will enable banks to offer cryptocurrency custody, transfers, and fiat exchange services, providing users with bank-level security. Conexus president Gasparri said the move responds to demand caused by Venezuela's currency volatility, noting that stablecoins are already widely used by locals as a means of preserving value.
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