Venezuela’s inflation problem seems to worsen by the day with the recent devaluation of their official Bolivar currency by another 95% & linking it to their national oil backed cryptocurrency Petro hasn’t helped stem the hyperinflation which is bound to hit a 1,000,000% this year. This has created a crisis like situation in the Latin American country where people are having trouble in even meeting their daily dietary needs. The poverty rates have hit alarming proportions compelling people to either flee the country (2.3 million) or turn to another source for survival – Cryptocurrencies! And while Venezuela is a prime…...
DASH replacing Fiat money in Venezuela
2 min read