RE: Venezuela Launches its own Cryptocurrency!?

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Venezuela Launches its own Cryptocurrency!?

in bitcoin •  7 years ago  (edited)

Wow, that is a quality bit of journalism. The whole situation is just mind boggling. It was saying that remittances (money sent home by migrants to their families) was propping up the country. If I remember correctly, OMG was designed in mind to circumvent predatory fees associated with that service.

CryptoCurrencies will absolutely be playing a larger role here as failing states and organizations try to grasp at power and control over the flow of resources.
Thank you, @exit404

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