Will Bitcoin be the solution to the devaluation in Venezuela?

Well, first of all I want to thank Cesar Brito for his opportunity to write in this wonderful Bitcoin Venezuela blog and as Venezuelan as I am I can say that one of the great problems that Venezuela suffers is the devaluation of the currency "Bolívar Fuerte "With respect to the Dollar. The solution of this problem or inconvenience that the government has given him is to impose an exchange control that restricts the foreign currencies. However, as we can see, this measure has not had the expected results.

However, since the appearance of the Bitcoin (BTC) many Venezuelans maintain an optimistic attitude that its use can become an exit, as it can be exchanged for currencies such as the Dollar and the Euro.

Bitcoin is an electronic currency that uses a cryptogram to secure transactions, is pseudonymous (almost anonymous), does not require a bank or the name of the person to make a transaction. Bitcoin made its first appearance in 2009, but it was not until this year when it reached its maximum popularity at the international level and everything indicates that it will continue to grow in 2014.

Bitcoins have been used in Argentina as an alternative to the official currency, as we know Argentina also has an exchange control, in fact "BitPagos", in Argentina, was the first payment processor in Bitcoins in Latin America: at this moment there is more than 5,000 people interested in Bitcoin in Argentina, while the others are studying the possibility of entering it.

It will take some time for Venezuelans to adopt Bitcoin as a currency for commercial use, but everything indicates that we are receptive to the idea of ​​using it and the benefits on a large scale could make the Venezuelan economy improve with its use.

Thank you!!
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