Why are Venezuelans seeking refuge in crypto-currencies?

in #bitcoin5 years ago

Matt Aaron, who works for Bitcoin.com, the Bitcoin news and trading platform, in Venezuela, says: "We pay our team members in Caracas in Bitcoin Cash. Transactions are instant and cost less than a cent to make."

Interesting article about how and why people are using bitcoin and other cryptos in Venezuela. I would have liked the author to ask whether or not those people plan on going back to the national currency if/when there's change for the better. I would think not, but I'd love to know what they're thinking....

Read the full story here...
https://www.bbc.com/news/business-47553048

Sort:  

Bitcoin is around $4050 right now, holding above the $4000 level nicely...

This post has received a 14.65 % upvote from @boomerang.

Thanks

You got a 13.37% upvote from @brupvoter courtesy of @onthehook8!

Thanks

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.032
BTC 64172.03
ETH 3144.93
USDT 1.00
SBD 3.85