Peer-to-Peer Crypto Powers Daily Transactions in Venezuela

[etfs]

Peer-to-peer crypto platforms have become essential for Venezuelans navigating a low-banking environment. TRM Labs found that over 38% of Venezuelan crypto-related web traffic goes to a single global platform offering P2P trading and USDT-to-fiat conversions.

These platforms help users bypass unreliable banking rails, enabling payroll payments, remittances, and everyday purchases — even amid occasional service disruptions.

[Nahid Hossen]

High per-capita usage highlights how essential crypto has become in Venezuela.

[Abdul Khan]

This approach blends traditional finance concepts with a Bitcoin-first strategy.