Topic: Are there prospects for the development of bitcoin in Venezuela? (Read 182 times)

In the Bolivarian Republic of Venezuela, the popularity of crypto-currency is rapidly gaining momentum, in particular - bitcoin. What facts have influenced the attitude of Venezuelans to digital market products?
   The main source of replenishment of the state budget in Venezuela are petrodollars. A long period of time, the cost of oil is reduced. Accordingly, the rate of the bolivar, the national currency, is falling. According to the IMF data for 2016, inflation in the country was 500%. In 2017, the depreciation of the bolivar continues. Not only did the low material level become even lower, so also political instability was added.
   Most often, when the amount of scarce savings is negligible, they try to invest in the same American greens. So it is impossible on the territory of the Bolivarian Republic of Venezuela, because the current legislation prohibits the import of American dollars.
Regional bitcoin news tells how Venezuelans actively visit local crypto-exchange platforms, register and convert their assets into a leading type of digital money. A group of Venezuelan activists developed a violent activity. They regularly hold thematic conferences, where they talk in detail about the digital market and the prospects of bitcoin. The goal of enthusiasts is the maximum promotion of information on crypto-currencies in the public at large.