Venezuela is suffering badly from hyper inflation. Due to hyperinflation, their economic system is jeopardized and the general population is suffering a lot. Some measure are quickly needed to be taken to eliminate this condition.
Topic: In Venezuela, Cryptocurrency Is an Oppressor and a Lifeline - page 2. (Read 568 times)
the venezuelan economy is getting serious financial challenges and has an unprecedented incoming inflation that is presumed to hit a pick of one thousand percentage and i believe that is the driving force of the adoption cryptocurrency as a lifeline in the nation.
In 2018, Venezuela has become a victim to hyperinflation. This brings a negative impact on the economic system of Venezuela. The maduros stopgap measures are hoped to reduce inflation.
Venezuela is one of the growing country. I hope and believe that crypto will be one of the economic condition changer in coming days for them. Though they are struggling now, I think, it will end soon.
Did you really think that Venezuela is growing? Lol. You need to read the news dude. They are sinking specially their economy due to political reasons. That's why people are using bitcoin to buy necessities outside of their country because the government can't provide it. They are not struggling, the country is really in deep trouble and they rely on bitcoins in order to survived.
I am sure that Venezuela will be the first country where the cryptocurrency will win fiat money! They have no other choice! Inflation is appalling!
well jes and it will create a more chaotic and broken venezuela ever.
those that were able to corrupt glenn to list their icos at the top of coinmarket cap and then corrupted the ceo of binance will have to eat and those that didnt will have nothing.
That's a good news. As cryptocurrency in improving and gaining trust among the people, more people of venezuela will embrace it. I just hope that government of venezuela accept it too.
Venezuelan investors are hoping to return to their own position within a short time. And there will be a time when most people in Venezuela will accept crypto currency as their means of exchange.
As soon as people of different countries start understanding the advantage they will also start accepting it and we often get this kind of news.
what happens in Venezuela we find a lot in other developing countries, when people are very happy to use the advancement of blockchain and cryptocurrency technology, always be hindered by the local government, it's a pity 
US dollars are the most commonly exchanged currency. Dollars trade for hundreds of thousands of bolivars apiece in wildly fluctuating street prices. Several Venezuelans explained that despite government price controls and crackdowns, many stores charge in dollars. It's the only way to keep their businesses afloat amid widespread cash shortages of a currency that's increasingly worthless.
Venezuela is one of the growing country. I hope and believe that crypto will be one of the economic condition changer in coming days for them. Though they are struggling now, I think, it will end soon.
Venezuela make crypto legal and make it a common currency but many others country are not make crypto as legal because they still like traditional banking.
Venezuela accept crypto as a normal currency and people of Venezuela used to with crypto and it’s replacing the paper currency. Hope other country will be accept crypto as soon as possible.
Bitcoin and other cryptocurrencies have long been used by people in Venezuela, but so far this is not official use. I hope that not only Venezuela, but also other countries will begin to recognize and use cryptocurrency. Every day new ATM Bitcoin is installed, I think it's a good sign. I'm sure that very soon Nicholas Maduro will take bitcoin as the official currency)
I doubt it, because Petro is the state cryptocurrency of Venezuela, which is controlled by the state. Recently, Nicholas Maduro issued a decree on linking salaries to the rate of the Petro cryptocurrency, which depends on the price of oil.
In venezuala crypto replace the paper currency gradually. Hope it will be effect good with it' finance and also crypto will be a great future here.
I think that's good news. When more and more people use cryptocurrency, this is very good for the development of the market. Cryptocurrencies can become much more popular than now. For this, there is still a long way to go.
Venezuela accept crypto as a normal currency and people of Venezuela used to with crypto and it’s replacing the paper currency. Hope other country will be accept crypto as soon as possible.
I am sure that the prospect of bitcoin in Venezuela will be able to solve practical challenges, and all other challenges, bitcoin is a primary transaction there.
in my opinion, Venezuela will be like Japan in conducting crypto transactions.
Bitcoin has an important role in Venezuela.
in my opinion, Venezuela will be like Japan in conducting crypto transactions.
Bitcoin has an important role in Venezuela.
Crypto contains the advantage to avoid third party which done by decentralization which produce by blockchain technology. So, it’s will be more popular in other country in future.
In Venezuela crypto hold it’s position and it’s almost replace thee fiat in Venezuela . Hope it will felt very good effect on finance of Venezuela.
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