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Topic: [2016-08-10] news.bitcoin.com-Venezuela Will Need a Bigger Chart for Its BTC... (Read 293 times)

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Venezuela Will Need a Bigger Chart for Its BTC Trading Volume

For the Venezuelan citizen, Bitcoin represents an escape hatch. The country’s economy has been asphyxiated by the devaluation of the bolivar and strict capital controls preventing people from converting to stronger currencies such as the US dollar, Euro or even the Colombian peso.

However, Bitcoin offers more benefits than even ‘strong’ fiat currencies for Venezuela. It can be used to purchase all types of goods online, store value as a form of ‘digital gold,’ and send or receive money from overseas. But more importantly, it helps the average citizen to avoid dealing with the nation’s notorious black market for foreign currency exchange, while offering new job opportunities online for the average citizen.

READ MORE >>> https://news.bitcoin.com/venezuela-chart-btc-trading-volume/
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