Venezuelans Escape Currency Collapse with Bitcoin
https://panampost.com/belen-marty/2015/06/09/venezuelans-escape-currency-collapse-with-bitcoin/
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“Bitcoin adoption in Venezuela will explode any time now,” one early cryptocurrency adopter in the South American nation confidently predicts. Bitcoin experts argue that the worse an economy is, the more interest there is about the digital currency’s benefits — and Venezuela is a strong candidate for the next bitcoin boom.
Stringent controls on access to foreign currency and runaway inflation — last week saw a sudden jump in the unofficial dollar rate to Bs. 400 per dollar — have led to the number of Venezuela’s bitcoin users doubling since 2014, according to data provided by Bitcoin Venezuela.
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Stringent controls on access to foreign currency and runaway inflation — last week saw a sudden jump in the unofficial dollar rate to Bs. 400 per dollar — have led to the number of Venezuela’s bitcoin users doubling since 2014, according to data provided by Bitcoin Venezuela.
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