Venezuela closes July with record volume of transactions Bitcoin Worldwide

The volume of transactions in Bitcoin in Venezuela has increased during the month of July, and on July 30 reported one of the highest numbers to date , becoming one of the countries with the highest number of operations in Bitcoin worldwide.

Venezuela's economic crisis has opened the door to Bitcoin , as a financial alternative that can escape control prevailing in the country since 2003 , and provides a handle to the savings of citizens , protecting them from the devaluation of the Bolivar.

Bitcoin activity in the country seems not diminish with the passage of time , and instead , seems to settle while the crisis is plunging the economy of millions of Venezuelans. This was reflected last month when transactions reached a record 83,863,783 bolivars.

On July 30, a further increase in the volume of transactions was reported, setting a new record: 117 116 539 bolivars.

This week has become the Latin American country with the largest volume of transactions in Bitcoin. In Argentina, Brazil, Colombia and Mexico transaction volume has decreased compared to previous weeks, while the United States remains stable with $ 6,808,356 this past week, reports Coin.dance.
Other countries whose transactions have been increased recently Thailand, with 10,552,220 bahts and Russia with 193,450,980 rubles.

Bitcoin Journal article.
Written by Gabriela Camero.