Venezuelans Queue Up at Gas Stations as Maduro’s Latest Fintech Plan Falters

As Venezuelan President Nicolas Maduro starts rolling out major monetary changes, citizens have hit a snag with the new point-of-sale systems at gas pumps, according to a report from Reuters. Long lines gathered at gas stations where drivers were unable to use the payment systems to purchase gas, adding to the list of infrastructure problems caused by hyperinflation, including healthcare and food shortages. The revamped point-of-sale systems located on the gas pumps are either not added yet or not working. “I see a lot of disorganization because they haven’t started making this work yet,” said Jose Coronel to a Reuters reporter, while he was in line at a gas station in the border town of Ureña. More…