Venezuelan’s passport agency temporarily allowed passport applicants to pay using bitcoin this week. The option was seen on SAIME, Venezuela’s Administrative Service for Identification, Migration and Foreigners.
A twitter user revealed the feature by posting screenshots of the webpage of passport agency showing that they are accepting bitcoin. The bitcoin payments were accepted through the payment processor BTCPay Server. According to reports, confirmation of Bitcoin payments took approximately eight minutes.
Bitcoin payments were seemingly removed just hours after their introduction, according to user reports.Some users also suggested that the option was never available to Venezuelan users, only to foreign users who were applying for passports externally.
Venezuela has become a cryptocurrency hotspot due to the fact that hyperinflation has affected the country’s national currency, the Venezuelan bolivar. Venezuela’s state-backed cryptocurrency, the Petro, is also vying for attention against mainstream cryptocurrencies.