Venezuelan airports using Bitcoin to collect flight taxes, evading US sanctions

posted 24 days ago
Venezuelan president Nicolás Maduro has been turning to bitcoin to circumvent US sanctions. The report added that the state has been using an app developed by a subsidiary of a Florida based firm which collects taxes.

The application called ‘Jetman Pay’ collects aeronautical taxes, before converting them into BTC through crypto wallets, and then sending them to other countries such as Russia, China and Bulgaria. The bitcoin is then sent back to Venezuela in USD to close the circle. The Jetman Pay app has been designed to collect tourist and airport taxes from commercial airlines, cargo and private planes.
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