2019-5-28 20:07

The cataclysmic political situation in Venezuela is driving cryptocurrency adoption as a fast-rising inflation rate devastates the economy. It is currently projected to reach 10 million by the end of… The post Venezuelans Prefer BTC over Petro as Inflation Reaches Alarming Levels appeared first on CoinCentral. origin »

Petro (PTR) на Currencies.ru

$ 0 (+0.00%)

Объем 24H $0

Изменеия 24h: 0.00 %, 7d: 0.00 %

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Капитализация $0 Rank 99999

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inflation venezuelans levels reaches alarming prefer petro

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Источник: coincentral.com

Cryptos Act as Hope in a Hyperinflation-Striken Venezuela

Venezuela’s inflation rate is expected to hit ten million percent in 2019. In this time, Venezuelans are struggling to afford two square meals a day. Online news outlet City News 1130 shared how nonprofit organizations are sending direct relief to people in Venezuela in cryptocurrencies and helping them escape the severe financial crisis.

Cryptocurrency Will Bring Us More Freedom – Right?

By CCN. com: A recent article in Fast Company got me thinking. The article talks about how Bitcoin and other cryptocurrencies (particularly Dash, which the article doesn’t mention) have helped Venezuelans deal with insane inflation and the problem of liquidity.

Venezuelans Remain Skeptical After President Maduro Raises Petro’s Value

Nicolas Maduro’s move to increase the price of the petro, the country’s oil-backed cryptocurrency designed to counter inflation, has sparked intense debate. Experts and tech-savvy Venezuelans alike are less than enthusiastic about the Venezuelan president’s decision.

Asian Exchange CoinCola Expands Into The South American Market As It Partners With Dash

CoinCola has collaborated with DASH and entered the South American market, providing Venezuelans with a perfect answer to inflation crisis. The post Asian Exchange CoinCola Expands Into The South American Market As It Partners With Dash appeared first on CoinSpeaker.

Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil

Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.

As inflation goes stratospheric, Venezuelans take to the crypto markets

It is a commonly (but not universally) known fact that the ultimate supply of Bitcoin is capped at 21 million. Unfortunately the same cannot be said for the Venezuelan Bolivar, which is going through a period of currency debasement every bit as bad as the events in Weimar Germany which brought Hitler to power. As […]

Venezuela’s Fight With Inflation May Have Helped Cryptocurrency Acceptance

Faced with the rapid decline of their money’s purchasing power, Venezuelans have no choice but to come up with out-of-the-box solutions to offset the effects of their country’s sky-high inflation rate.

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Binance wallet outpaces popular messaging apps in Venezuela download rankings

Binance’s digital wallet has seen a meteoric rise in Venezuela, climbing to the 33rd spot on the list of the country’s most downloaded apps. This achievement places it just above Snapchat and just below WhatsApp, two of the most widely used messaging platforms in the nation.

Venezuelans cut off from Binance: How is this related to elections?

Venezuelan authorities have also blocked the world’s largest cryptocurrency exchange, Binance. Amid protests following the presidential elections, the Venezuelan government restricted access to Binance and several other online services.

Venezuela restricts access to Binance and X amid election unrest

Venezuelan government blocks Binance, X, Reddit, and Signal amid election unrest. CANTV, Venezuela’s state ISP, enforces the blockade as part of a crypto crackdown. President Maduro accuses Elon Musk of inciting protests and violating laws.

Maduro critics say Venezuelan president will use crypto to evade sanctions

Venezuelan activists have alleged that President Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto transactions.

Venezuela cracks down on crypto mining to tackle energy crisis

Venezuela's Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national power grid SEN (Sistema Electrico Nacional).

Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

Venezuela's state-owned oil company is using Tether’s USDT — the industry’s largest dollar-backed stablecoin — to skirt new US sanctions.

Venezuela reportedly turns to USDT for oil export as US sanctions bite

Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…

Venezuelans Prefer BTC over Petro as Inflation Reaches Alarming Levels

2019-5-28 20:07

Petro (PTR) на Currencies.ru

inflation venezuelans → Результатов: 9

Cryptos Act as Hope in a Hyperinflation-Striken Venezuela

2019-5-23 23:00

Bitcoin Interest (BCI) Launches Food Charity Drive in Venezuela

2019-4-11 06:35

Cryptocurrency Will Bring Us More Freedom – Right?

2019-3-28 11:09

Venezuelans Remain Skeptical After President Maduro Raises Petro’s Value

2018-12-6 03:40

Asian Exchange CoinCola Expands Into The South American Market As It Partners With Dash

2018-10-22 20:17

Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil

2018-10-10 22:30

As inflation goes stratospheric, Venezuelans take to the crypto markets

2018-8-2 16:00

Venezuelans Living on Crypto

2018-7-6 16:39

Venezuela’s Fight With Inflation May Have Helped Cryptocurrency Acceptance

2018-6-25 20:37

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