Economy July 26, 2022 - 7:14 am

Dominican Republic embraces cryptocurrencies

Santo Domingo.- Ana Bernier has been receiving benefits for a year as a return on the dollars she invested in the virtual market for the use of cryptocurrencies. She is one of the Dominicans who use digital platforms to buy and sell intangible assets, a segment that in the country has grown 52% this year, according to a recent survey. The Central Bank reiterates that it does not have the regulation and support of the State.

Bernier, 53, did not take long to make the decision to be an investor in digital assets, since the experience of a friend who generates greater volumes than her motivated her to risk placing her money in the market, through an international company.

“I started with $50 and then reinvested what I had. Now I withdraw my profit weekly at an ATM where I have the option to sell my coins and receive payment in pesos,” she told Diario Libre.

Cryptocurrency is a digital currency that uses cryptographic encryption to ensure the integrity of transactions and transfers of assets through technological means. There are many virtual currencies and each one has a different value and a unique code that differentiates it from the others, so two people cannot have the same cryptography (code) in their currencies.

COVID-19

October 30, 2024 - 4:52 pm

Pro Consumidor grants 30-day extension for removing sun-exposed water bottles

October 28, 2024 - 1:37 pm

Médico Express drives innovation, accessibility, and quality in healthcare with new center in San Isidro

October 24, 2024 - 3:31 pm

Pro Consumidor sets October 30 deadline to cover bottled water from sun

October 24, 2024 - 1:27 pm

CMD proposes law to decriminalize unintentional medical acts

MOST READ

Tourism

Dominican Republic prepares for humpback whale season

Tourism

New San Pedro-Mayagüez ferry route will boost trade between Dominican Republic and Puerto Rico

Expats' Corner

Buying and driving a car legally in the Dominican Republic

Tourism

The Margaritaville is now operated by the Dreams brand

MORE NEWS

Local

City College Scholarship program launched for Dominican high school seniors

World

Infotep certifies 66 Dominican beauty professionals in New York City

Local

Airbnb launches ‘Responsible Hosts’ section to educate Dominican hosts on tax obligations

Local

Aerodom denies luggage theft at Las Américas Airport