Venezuela Protests: Could Cryptocurrency be the answer?

in cryptocurrency •  8 years ago 

Venezuela has erupted with protests after their currency reaches record high inflation and record food shortages. Once considered South America's richest nation, now on the verge of collapse as people demand economic reform.

Cryptocurrency is now being heavily exchanged throughout Japan after the wake of another currency devaluation. The unpredictable economic environment and fluctuating currency has resulted in over 250,000 projected businesses to accept Bitcoin later this year. Could this also work for Venezuela?

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I'm sure every kid in Venezuela know about Bitcoin :)

No sería una solución final, pero daríamos un piso para obtener una economía mucho más sana, fuera del control de gobiernos populistas. Además podría ser aplicado a muchas áreas del gobierno con la llamada "descentralización automatizada".