An Aviation Academy Now Accepts Bitcoin (BTC) for Payments
As the price and market capitalization of Bitcoin (BTC) continues to rise countries from around the world are adopting it for their benefit. While the developed and developing countries are the known types adopting Bitcoin (BTC) for mainstream exposure. Other countries such as Cuba, Iran, and Venezuela are adopting Bitcoin (BTC) to fight off inflation and disastrous economic conditions.
Whether it is Cuba, Iran, or Venezuela, all three countries have one thing in common, which is that the United States does not like them. The country with the largest economy in the world despises them so much; it has passed several sanctions on them.
As a result, these countries are forced to live and survive in some of the harshest environments and economic conditions. Although Afghanistan is a country that had war waged in it for almost 2 decades since September 11, 2001. Yet the country’s economy is better than these three and is doing better than them with support from the United States.
Out of the three countries, Venezuela is the country facing the worst time of its economic history. The United States launched its artillery of sanctions on Venezuela in 2014 that went on until 2015. As a result, the country almost cut off from the outside world and it lost the support of the majority of the allies.
The reason why even the allies backed out was the United States prohibiting any other nations or companies to trade with the country. This meant that even if any ally tried helping Venezuela, they would also come under the effect of the sanctions.
The imposition of sanctions since then has completely upset the economy of the country. Although Venezuela has one of the largest oil reserves in the world, the country itself has a shortage of oil supplies. The reason is that majority of the oil refining facilities are dysfunctional and the government has no resources to bring them back up.
As no foreign bank or online payment solution provides services in the country, the country has found cryptocurrencies to be its last resort at making a comeback.
The country has found cryptocurrencies to be the best solution to fight off inflation and bring back its economy to its feet. This is the reason why different companies and services in the country are now accepting Bitcoin (BTC) as a mode of payment.
Just recently, an aviation academy, Caracas Air has announced it now accepts Bitcoin (BTC) for its courses and services. The academy has announced that parties who pay in Bitcoin (BTC) will also be getting financing plans and discounts. Caracas Air is known to train more than 900 students per year through its academy.