RE: How Cryptocurrencies are helping Venezuelans get basic goods and supplies

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How Cryptocurrencies are helping Venezuelans get basic goods and supplies

in cryptocurrency •  7 years ago 

It is good to know that cryptocurrencies are helping the Venezuelan people. With continued use, it is possible that the distributed ledger system will hinder, and hopefully prevent, the banking industry from creating the situation that currently exists.

There is a choke-hold on the Venezuelan economy, because it is centrally controlled. The low prices of oil combined with the unsustainable debt by a central government would not be factors of economic ruin for individuals using a distributed ledger system.

I hope cryptocurrencies expand in use there, here in the U. S., and everywhere. Thanks for sharing this story, and spreading some light.

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