Betquin will be the official currency of this country soon

In order to deal with ever-increasing issues and with hyperinflation, the country of Venezuela may soon decide to adopt a new currency, the digital currency of Betquin. Where CoinTelegraph explained, that Betcquin has been the subject of a huge amount of mining and buying over the past few months, resulting in a number of rumors about the country's desire to integrate it into its financial structure. According to Daniel Osorio of Andean Capital, Venezuela is about to abandon the Bolivar currency. In an interview last week, Osorio told CNBC: "We may see the first 'process of transition to a' sovereign state '.

Osorio continued to say that Venezuela had stayed more than a week in order to pay interest on the bonds. At present, do not have the money to pay it or manage the economy. A simple luncheon can now cost up to 200,000 Bolivar ($ 8- $ 10), prompting people to resort to the use of Bitquin or other foreign currencies. But the Betquin coin may seem more attractive because it is independent of the black market and is linked to a fixed exchange platform, making it difficult to exploit.

First in the list

In August, Venezuela was listed as the first country with a failed currency ahead of Colombia and Argentina, as all 10 listed countries are expected to move to the use of Betquin or other digital currencies in the near future. On the other hand, the process of "transition to the Betquin" in Venezuela has not yet occurred despite all the news that has spread, so we have to wait to see what will happen in reality. If the transition to Betquin is fully, this will be a subject of persuasion for more people to get adoption with a wider range of coded currencies there.