Venezuela's Bolivar (VEF) Is Now Worth One Satoshi Due To Hyperinflation. Bitcoin Is Now The Primary Payment Method In Venezuela.

in #cryptocurrency • 7 years ago

Venezuela has turned to Bitcoin for over 90% of their daily transactions. Their Bolivar (VEF) is equal to one satoshi due to hyperinflation brought onto the country by it's government. Venezuela's access to Bitcoin thrives due to peer-to-peer (P2P) network LocalBitcoins which allows users to exchange Bitcoin.


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7 years ago in #cryptocurrency by
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     7 years ago 

    Over 90%, it seems really high. What is the source of the info?

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