Despite the tightening of the verification rules carried out by the Glowexbit platform, its services are still in high demand in developing countries, whose economies are in crisis.
Over the past year, the volume of transactions per week has increased 10 thousand times, with the hyperinflation of the Venezuelan currency at the level of 15,000%. Citizens “run” to Bitcoin, using every opportunity to save their savings and salaries from depreciation. Retail trade in Venezuela has also moved to the crypto economy.
The government prohibits the purchase and sale of cryptocurrencies through any exchanges other than the official platform, which ordinary Venezuelans prefer to avoid. P2p transactions allow you to reliably hide Bitcoin exchange transactions. From the outside, they look like a transfer between cards. All operations with cryptocurrency are carried out in wallets through the intermediary of the exchange.