Cryptocurrency A cryptocurrency is a virtual or digital currency that uses cryptography for security purposes. The most important feature of a cryptocurrency is that it is not issued by a central bank, which makes it immune to government interference. Cryptocurrencies facilitate the transfer of money among people because the transfer is virtual and has minimal processing fees compared to traditional currencies. How will the Petro work in Venezuela? This mechanism will contribute to financial transactions within the nation and fight the financial blockade against Venezuela by being able to make exchanges with other nations that manipulate cryptocurrencies or Bitcoin system in the digital market.
Therefore, this mechanism opens a new window of international financing for the economic and social development of Venezuela.
And discover the best way to send, request and receive amounts in seconds with Shasta contact transaction methods. Remember that in Venezuela, if you operate in the National Ecosystem, you can only carry out this type of transaction to mobilize your money with your Shasta contacts through the App, anywhere in the world.
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If you operate in the International Ecosystem, you will also be able to carry out these transactions between Shasta contacts in addition to being able to send and receive money by bank transfers. Of course!
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You can send periodic and recurring payments to your contacts with Shasta, to do so you just have to:. You will also be able to see the calculation of the total money you would send based on the dates you choose and the time that elapses between payments. Most international financial transactions are done using the SWIFT code, which is the most commonly used bank identification code for international money transfers. These transfers can take more than 2 or 5 business days and carry a commission that usually depends on the bank. It encompasses the Eurozone, a total of 34 countries that allow this type of transfers in this currency, and include 28 members of the European Union plus San Marino, Switzerland and Monaco, Liechtenstein, Iceland and Norway, which are also part of the European Economic Area.
These transfers can take between 2 or 3 business days and do not carry commissions. These are the countries in the SEPA zone:. The IBAN is common for all Shasta users, while the concept indicated just below is what differentiates each user and through which we identify who the funds that reach us belong to. For this reason, it is very important to indicate all the data that appears on your App screen correctly when performing the operations that require them, both to deposit in the App through your bank account or to receive money by a bank transfer.
Remember that if your Shasta account is verified only with unexpired Venezuelan documentation, you can only make transfers with this option if you operate in the International Ecosystem. Any user with an account in Shasta can make the currency exchange directly from the App to change euros to dollars and vice versa.
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You can carry out the process in a second by clicking on this icon:. In Shasta you can move as much money as you want, as many times as you want. Even so, to guarantee maximum security, if our system detects any suspicious payment or movement, the user will be notified and we will request additional information. But no, at the moment it is not possible to send to multiple recipients since most transfers are for large amounts of money, their are individual.
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In this way, we make sure to reduce the margin of error and avoid any problems. To withdraw the money you have in Shasta to your bank account, you can add it in the App. If you are also verified with Venezuelan documentation, you can also withdraw them with your BNC currency account if you operate in the National Ecosystem by validating the Shasta account with the unexpired Venezuelan ID or also withdraw them to other accounts of any bank if you operate in the International Ecosystem by validating the account with an unexpired passport or extension, as well as the related BNC accounts.
No, cash withdrawals of the funds accumulated in the App can only be made if you have the Shasta Card but not directly through the App, as well as purchases in physical or online stores that you can only make with the card but not directly with the App. Remember that only if you validate your account with unexpired European documentation can you request the Shasta Card. In addition, although currently in Venezuela you can make payments at Forum supermarkets through a QR code to make your payments in dollars, at the moment there are no more stores available with this functionality.
At Shasta we stand out for our priority of using the newest technologies. So far there is no blockchain element in the App, but it could well be used in the future.
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In addition, Shasta does not manage the use of cryptocurrencies within the App. At the moment, you can only have one card in which you are the owner associated with each profile, but on any occasion you can disassociate your card without any inconvenience and add a different one that you have in order to deposit funds to the App. Remember that it can only be a credit or debit card and that if you are only verified with documents from Venezuela, this functionality is only available if you operate in the International Ecosystem. The Shasta Card is a physical card such as a prepaid VISA to use the funds deposited in the App that works with the account in euros and is currently available by verifying the Shasta account with unexpired European documents.
With it, you can buy online or in physical stores, as well as to do withdrawals at ATMs. You can use the Shasta Card anywhere in the world, without having to worry about paying commissions for using it.
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It is ideal for traveling for that very reason! To request the Shasta Card, your account in the App must be validated by carrying out the verification process through the App with unexpired European documents. English Version. Facebook Twitter Telegram Whatsapp. Noticias Relacionadas. Publicaciones Relacionadas. Noticias breves.