Which currency became an Livesaving currency in venezula?

Bitcoin transactions are almost with smartphone

Posted February 2,2019 in Science and Technology.

isabella noviya
215 Followers 101 Views

Cryptocurrency is now becoming a common part in many countries people life. In this order, the Venezuelan use the bitcoin in a day to day life buying food, plane tickets etc. Why that Venezuelan use the cryptocurrency? Is whether the bitcoin value is affordable in that country? Why the government not allowed the country people to use fiat currency?

Survival of fittest

In Venezuelas country hyperinflation has presented in recent days. so, the president Nicols Madurosays their country bolivar national currency become nearly worthless. The Venezuela people turning their eyeball into the cryptocurrency world to salvage their life.

Venezuelas are all miners

Based in recent days reports, a tremendous quantity of university graduates, young entrepreneurs, and other professionals have turned to virtual currency mining in order to produce sufficient revenue for their families. Apart from Bitcoin, the other cryptocurrencies mined include Dash, Zcash and Ethereum.

Where they can get bitcoin?

Bitcoin transactions are almost with smartphone websites like LocalBitcoin and Paxful exchanges where the people can buy and sell bitcoins using own bank account.

Venezuela new crypto coin

The Venezuelan made new cryptocoin named as petro coin or petromoneda. The government also produce the petro coin and control it.

Recently Venezuelan's entrepreneurs

The professional venezulans had started new cryptocurrency exchange website like a localbitcoins website to improve their country economy level. Using the easily available clone script, they can do that too.

isabella noviya Articles

Read more

Economics and Trade
April 4, 2018 | 735 Views

Science and Technology
November 11, 2018 | 62 Views

Natural
April 4, 2019 | 6 Views

Science and Technology
October 10, 2018 | 107 Views

Science and Technology
March 3, 2019 | 34 Views