Video games online are an alternative to win bitcoins and foreign exchange in Venezuela

Video games are used with multiple purposes and variable goals between users. For many, playing on the computer can be a leisure activity, but for others, online games can mean a world of opportunities, and an entertaining way of generating income.

The decadent economic situation of Venezuela has made that the currencies are highly demanded. L preference for foreign currencies above the national currency, the strong Bolivar, has increased considerably in recent years. Also by bitcoin and different digital coins. Many Venezuelans have looked for ways to generate Internet revenue, whether through the use of Paid-To-Click (Paid-To-Click), where in the most common cases a few cents dollar at first, and can later generate between $ 0.04 to $ 1 dollar per day, or its equivalent in bitcoins; or also through the purchase / sale of objects and services.

This last practice is the most common among young Venezuelans, since the use of PTC can be quite tedious and frustrating, since users should only sell hard-to-get objects within the game, or more experienced players offer help to those of less experience to obtain a remuneration. To exemplify the previously mentioned, there are several cases:

RUNESCAPE
Runescape, a popular MMORPG (Online Mass Multiplayer Role Playing Game) where users can play the game's digital coin and then sell it for bitcoins, or other objects in the game. With this practice you can get between $ 2 or $ 3 American dollars in 1 hour. Farmear (farming) is a term referring to the repeated accomplishment of an action in order to obtain points of experience, money, objects or any other advantage for the character in an online game.

LEAGUE OF LEGENDS (LOL)
It is in League of Legends, game of the type MOBA (Online multiplayer battle Arena), where the players with greater experience in the game offer to raise the account of the less experienced players in the system of qualifying games . This practice is known as Elo-Boost, and according to a website in charge of offering this service, its price ranges from $ 13 to about $ 1000 American dollars per account. In other pages you can pay for this service in bitcoins.

Depending on how experienced the user is, uploading an account can take from a few days to even months. Prices in bolivars are usually much lower, as getting customers within the country who are willing to pay such amount of money is unlikely. To avoid inconveniences by doing Elo-Boost, you should use VPN or some other program that hides / modified the user's IP address.

These two practices mentioned above are illegal within the game, and can be penalized by affecting both the user offering the services and the user who purchases them. Although getting $ 2 dollars in an hour seems little, for the Venezuelan population this means a higher monetary income compared to the common minimum wage in the country.

In an explanatory video, authored by YouTube user Glink, it is narrated how the Venezuelans use the farmer in RuneScape to generate income, how later they can exchange the gold obtained by bitcoins, and how to carry out this activity are attacked and discriminated against by the gaming community.

As previously reported there are countless ways to generate income in dollars or bitcoins using video games or the internet, in addition, most are low-paid or very risky activities. However, they remain attractive activities, to earn foreign exchange, among the Venezuelan population.

VENEZUELAN ECONOMIC PANORAMA
Currently Venezuela has been worsening its socio-economic situation, where the minimum wage is not enough to cover all of the primary needs. In addition, inflation is projected to increase significantly as the months pass, removing from the outlook the possibility of an early recovery of the economy. For this reason, a group of the population has been prepared to obtain income in other currencies, like the dollar or the bitcoin, to cope with the expenses.

In a recent article we explained the behavior of both currencies in the Venezuelan market, and we highlight the risk involved in obtaining dollars in the black market, or negotiating and mining criptomonedas, due to the regulations that the state has imposed on the country's economic activities .

Following statements made by the Minister of Agriculture, where he praised the use of bitcoin as a tool for financial liberation, and numerous clues about the state's consideration of blockchain technology, he is waiting whether or not to adopt the cryptones in Venezuelan territory.