if you want to help this person PLEASE dont send any money without asking for verification first, I have seen so many people lately using this "please help me im venezuelan and i am in need" to scam money, there has been at least 5 sucessfull scams on r/btc, r/bitcoin and other online forums.
Also Please note that:
1- it's harder to change BTC for VEF than change USD for VEF
2- this domain it's registered at godaddys servers, meaning that what the OP claims here: "Venezuelans cannot accept USD without a bank account. You can use paypal but its hard to exchange from paypal USD to the venezuelan currency (Bolivares)" is half incorrect and does not really applies to him, he had to use either paypal or an international debit/credit card to pay for this domain.
1. USD is the de facto world currency, and many (most?) banks in the world let you open an account in the local currency, plus another account denominated in USD which is absolutely necessary for doing any sort of international business
2. Venezuela's currency collapse is a problem mainly because it needs to import goods (medicine, machine tools, etc.) from the international market, which must be paid in USD, and which Venezuela now can barely source because their oil industry (main source of foreign earnings) is falling apart [1]
3. In most cases, USD is superior (more liquid, more easy to transact in, a more stable store of value) to any cryptocurrency. View 'I'm Venezuela ergo crypto' claims with skepticism, especially when they could be paid in USD to a foreign account instead. Not sure what the exact situation on the ground is in Venezuela, maybe it's very hard to receive USD because the government will seize it, but that's the a situation a foreign bank account can solve.
OTOH, if the goal is to use BTC to pay for living expenses by converting to bolivars, it's probably even easier to use USD.
You cannot withdraw USD in Venezuela. Only Bolivares. And when you withdraw Bolivares from a USD denominated account, the bank must do so at the official rate.
The official government rate is a complete farce and has no bearing on reality. If you were to pull out $1 USD from any bank in Venezuela, you would get about 10 Bolivares. The real rate on the street right now is about 3 million Bolivares to 1 USD. https://dolartoday.com/
In other words, with your USD denominated bank account, you would have to withdraw about $300k usd to buy a bottle of coke.
As for getting an overseas account, that is extremely difficult if not impossible without physically being in that country. In the US you cannot get a bank account without some type of US id, either a SSN or TIN/EIN.
There are very few ways to get money into venezuela. One is to be lucky enough to already have a foreign account or overseas family or friends with an account. You can then transact with other locals who also have a foreign account by transferring money to them electronically.
The other method is Western Union to an adjoining country like Colombia. They go across the border get the cash and come back to Venezuela. Crossing the border with cash is fraught with danger right now. The other option is simply to travel outside the country but getting a travel visa to fly is exceedingly difficult for most Venezuelans. Venezuelan officials have stopped issuing passports to most. And countries like the US are not quick to grant a visa considering the fact that the great majority of tourists from venezuela are going to stay in the US permanently/illegally.
As for crypto... you still have to find someone else with money that is willing to pay cash for a crypto currency. But at least the barrier of entry for crypto currency is much lower right now that the difficulty of getting an overseas bank account.
Things are very, very bad in Venezuela right now. Of course, that doesn't mean scammers won't scam. But if the person is truly still in Venezuela, it is very likely they are in dire straits.
The dollar is still a very strong currency and in many areas the leader, but it is still not the world currency. Equally, banks do offer sometimes accounts denominated in USD but this applies mostly to larger banks, is typically a special kind of package, and is a classic foreign currency account you can open for GBP, EUR, SGD, and many other currencies too.
And if their prices are competitive, I have no problem giving them my business.
Commerce is the best help system there is.
The venezuelan in question, could just use any other freelancing site or a service like fiverr just like any other venezuelan or person from another country.
There is countless way to get paid even if you are Venezuelan living in venezuela, you can normally have a paypal account and use tons of others services like neteller, paxum, payoneer, etc, etc.
I am just warning everyone to be carefull if they feel the need to help the person behind this site in a different way, the site looks like a really smart idea but please be sure that its legit :)
1. Sellers of "normal" stuff will take USD if you "deal" with them, for example if you need to buy a motherboard, most likely the seller will instantly say yes to an USD offer before getting paid in VEF because the money wont get devaluated in USD, if you check mercadolibre.com.ve (ebay equivalent in venezuela) you can see alot of people offering USD.
2. USD is used for properties such as cars, houses, land, etc. If you want to purchase/sell some of theses you pretty much have to pay/get paid in USD, not in VEF. Of course this is because devaluation is so big that if you sell something in VEF next day you can just lose 5% out of nowhere.
3. If you own a USD debit or credit card, you can use it within Venezuela payment networks, you just wont get the black market rate, you will get the dicom rate that is currently 119.850,00 VEF per 1 usd.. while the black market rate is around 3.200.000 VEF per 1 usd, so you definetely can, just that you wont get a good rate.
And last, it takes some 10 minutes or less to deal exchange of VEF to USD at black market rates, you just need to have the most minimal social interaction, as everyone has friends, family, acquaintances, coworkers, etc who is changing this, it's just such a natural thing to do, dont let the name of "black market" make you think that is some shaddy thing that you need to do where you risk your life, its just some natural exchange of currency that most venezuelans know how to deal with.
It is also really scary as Venezuela was doing relatively quite well compared to other nearby nations. Democracy, functional institutions (relatively) and then .... people chose to vote in some strong men who trashed it.
Granted oil prices would have resulted in real problems anyway, but nothing to the extent we're seeing now. While nobody would want that situation, people in a democracy chose people who set them on that path (since then it hasn't been a democracy) ... and that is scary.
Not sure how you could be convinced that these elections are even remotely similar in terms of legitimacy, I suggest diversifying your news sources.
https://www.nytimes.com/interactive/2017/12/17/world/america...
One reason for so much pressure is oil prices are rising and external forces want things changed before that happens. Thus the talk of US invasion.
This is in contrast to the US-backed military overthrow of the Honduran government, which has been slaughtering its political opposition. In fact, these are many of the immigrants on the US border being discussed. The western governments back the military and post-coup governments on that case, which has been much more bloody.
But I'm curious...
Is ~$12/page actually the going rate for translating english to/from spanish?
As $6,300 USD/BTC * 0.002 BTC = $12.6 USD
https://gengo.com/pricing-languages/ - $0.06 - $0.12 per word or $15-30 per page.
https://www.gts-translation.com/translation-prices-per-word/ - $0.10 per word or $25 per page.
https://www.onehourtranslation.com/translation/benefits/tran... - $0.087 or $21.75.
It's certainly seems cheaper and Bitcoin fees seem relatively low right now (at least compared to the end of last year). However, I'm not sure it seems so significantly cheaper, especially weighing the 250-word one-size pricing.
Agreed that it's really cool, though.
I thought Google Translate uses AI now fairly perfectly.
Why is anyone paying a human translator $40/page when Google Translate is "free"?
Another website said $0.11.
250 / $12.6 = $0.5/word which is roughly 1/2 to 1/4 the going rate.
Are you still working on https://www.tryeffortless.com/ ?
Given the Venezuelan government's poor economic management and tight restrictions on foreign exchange transactions, if cryptocurrency was going to overthrow fiat currency anywhere it should be in Venezuela.
Because most cryptocurrencies are not suitable for use as a currency. They are not stable units of account, are not as easy to exchange on an everyday in-person basis as cash, and are only a stable store of value by comparison to complete disasters like the bolívar. There are attempts (e.g. https://basis.io/ or https://tether.to/) to make a crypto-currency that fills this niche, but they have flaws (Basis isn't deployed yet, and Tether is a bit scary - it's backed by a single company that theoretically owns one dollar for every Tether coin issued).
edit: Oh never mind, moments after I posted this i realized that with altcoins you could end up even less crypto worth vs BTC than you'd save on tx cost. :)
