Josh Sigurdson talks with Rodrigo Ambrissi, a YouTuber with a lot of influence in the Dash community who is making videos for Dash Digital Cash in Portuguese. Rod recently published the documentary 'Venezuela And The Cryptocurrency Revolution' on YouTube showing the incredible influence decentralized cryptocurrency has had on Venezuela as the country falls further into hyperinflation due to vast printing of the Venezuelan Bolivar. People are simply disregarding Maduro's government and trading on the free market with competing currencies, most notably Dash. Maduro has answered this with the inefficient Petro Coin which is meant to rival decentralized cryptocurrencies, but who on Earth trusts a so-called crypto released by the same government and banking system that printing the Bolivar into nothing? This is the revolution/evolution we've been speaking of here at WAM! Individuals trading on the free market to put food on their family's table. It's crucial individuals break free from the centralized systems and do what they know personally is right. The centralized behemoths of the past are irrelevant as these massively innovative blockchain infrastructures create alternatives to essentially everything. We are starting to see the same things happen in Argentina. The solution will be decentralized and controlled by the individual demand of the populace. Freedom is on the horizon.
Church’s Chicken Venezuela, a leading fast-food outlet in Venezuela, has started paying its staff bonus salaries in DASH. Dash Foundation unveiled this news on 19 April through a press release, noting that the fast-food chain integrated the payment option after a three-month test in which its employees received DASH as part of their salary.
According to reports from digital currency Dash, active user wallets in Venezuela have increased 562% since May. A remarkable 29% increase bolstered this number during December alone. A PR representative at Dash, Mark Mason, also clarified that the exploding number was not based on user installs but active ones instead.
The Dash ecosystem in Venezuela is not going through a good time, and despite being one of the country’s most popular cryptocurrencies, the recent scandals surrounding Dash Venezuela and Dash Merchant Venezuela caused the international.
KFC is set to start accepting DASH payments at its first branch in Venezuela by next week. The legal…
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While KFC Venezuela isn’t accepting DASH after all, Church’s Chicken Venezuela is Several news outlets reported a story about the popular fast food chain KFC’s Venezuelan affiliates starting to accept DASH as a form of payment.
Earlier on in September, the team at DASH launched Dash Text: a Venezuela-based company providing SMS-based transactions using the digital asset. Back then it was in beta testing and users could easily access it using a five-digit shortcode on Movistar, one of Venezuela’s largest Telecom company.
Dash Text launched in Venezuela today, allowing users without smartphones to send and receive Dash using SMS enabled cell phones on the Movistar and Digitel networks. Dash Text was created through a partnership with BlockCypher.
Dash Text, an SMS-operated mobile application, has just launched in Venezuela and is aimed at enabling easy remittance in the DASH cryptocurrency. As Venezuela suffers from strict international sanctions and its national currency, the Bolivar, is being diluted on a daily basis, transactions and cross-border payments have become extremely cumbersome.
Dash, the 14th-ranked cryptocurrency by market capitalization, is reportedly experiencing increased adoption in Venezuela via an increase in wallet downloads and merchant signups. This surge in adoption comes as the country continues to battle crippling hyperinflation.
With Venezuela facing a hyper-inflation that is making its fiat currency volatile and spiral out of control, there is a lot of confusion prevalent among the people. Over the weekend, the President Nicolas Maduro, devalued the Venezuelan Bolivar by 95%.
The cryptocurrency Dash is becoming more widely used and accepted in Venezuela. The nation’s economy has long suffered under socialist guidance, and hyperinflation is forcing citizens to look for alternatives.
ETF’s are back in the news this week with the Winklevoss twins of Gemini getting rejected again, while investment firm Direxion was delayed till September on a final decision.
Venezuela’s struggling economy has inspired many in the country to adopt cryptocurrencies as an alternative to the crashing Venezuelan Bolivar. The situation in Venezuela is dire; hyperinflation in the country has reached such extremes that a cup of coffee now costs a million Bolivars.
Venezuela’s struggling economy has inspired many in the country to adopt cryptocurrencies as an alternative to the crashing Venezuelan Bolivar. The situation in Venezuela is dire; hyperinflation in the country has reached such extremes that a cup of coffee now costs a million Bolivars.
In a recent press release, Dash claimed that it was the most used crypto in Venezuela right now. According to the company, the use of Dash in the country is far greater than the combination of all the other tokens combined.
Venezuela is a country which makes a lot of headlines, though not for the right reasons. Cryptocurrency has slowly begun making an impact in this country, even though it remains to be seen how successful all of these efforts will be.
Still, Wheeler is set on ditching efforts to try and help the country by way of political change. Still, cryptocurrency communities, including zcash and dash, have long been trying to help Venezuela in some way.
Still, Wheeler is set on ditching efforts to try and help the country by way of political change. Still, cryptocurrency communities, including zcash and dash, have long been trying to help Venezuela in some way.
