Ethereum is Rising in Popularity in Venezuela Along With Bitcoin

Amidst the development of a nationwide financial turmoil, the demand towards Ethereum and Bitcoin are rapidly rising in Venezuela.

In April, the Venezuelan government revealed that the 2016 inflation rate for the Venezuelan Bolivar recorded 274 percent. Yet, economists and experts revealed that the actual inflation rate of the Venezuelan Bolivar has been far higher, with reports suggesting that the inflation was as high as 800 percent.