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 Venezuelan government is reportedly converting pension payments into its national cryptocurrency, the Petro.
Venezuela is the world’s richest country in terms of oil. Yet its people are starving. With devaluation, hyperinflation and crisis is cryptocurrency the answer?
The Russians may have used Venezuela as an experiment to test a decentralized currency without the risk of bringing down their ruble.