A Cryptocurrency Could Help Avoid Financial Chaos and Venezuela’s Run

2019-2-24 13:46

Venezuela’s economy has hit rock bottom. The situation has grown so dire that humanitarian aid is being doled out to help those who are financially strapped. Today, Venezuelan troops are fighting off citizens as they try to block the aid from reaching them.

Aggravating the situation for so many of the country’s citizens is the collapse of its currency. Called the bolivar, this Venezuelan currency is virtually worthless. Inflation has soared so high that basics items, such as food and medicine, are too expensive for citizens to afford. As the country’s situation worsens, the issue of digital currencies is resurfacing. The subject

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Venezuela Citizens See ‘No Sign’ of National Petro Cryptocurrency

Amidst a mounting economic crisis, Venezuela’s oil-backed cryptocurrency the Petro is nowhere to be found. Numerous reports indicate an almost non-existent usage within the country. ‘Hard to Spot Almost Anywhere’ According to a report from Reuters dated August 30th, the Venezuelan town of Atapirire has not yet reaped the fruits of Venezuela’s oil-backed cryptocurrency efforts.

2018-8-31 22:00