The products will be valued “at the best market rate,” according to Fintech.
The option is available in all 22 Soytechno stores nationwide.
Soytechno Venezuela established an alliance with the fintech Kontigo to integrate payments with USD Tether (USDT) in its 22 stores nationwide.
Although the chain already accepted cryptocurrencies, the novelty is that, from now on, customers will be able to pay with USDT or USD Coin (USDC) by scanning Kontigo’s own QR code, according to reported the company.
According to fintech, The products will be valued “at the best market rate”with settlements that are processed in seconds from the application. The integration is also available for purchases made on the soytechno.com website.
The announcement occurs in the middle of a stage of expansion of Kontigo services in Venezuela. The company enabled the conversion of physical dollars to USDC through the National Credit Bank, strengthening the connection between the local banking system and digital currencies.
Likewise, it incorporated the possibility of acquiring bitcoin through Mobile Payment, a function that generated interest among users seeking to operate with this digital asset. without resorting to international platforms.
The company has had to adjust its operations to regulatory requirements. CriptoNoticias reported last week the announcement of the suspension of US bank accounts for Venezuelan clients.