Venezuela is turning into a cryptocurrency, in particular into bitcoin country. So much, that LocalBitcoins, a decentralized bitcoin exchange, is announcing a fourfold because of this. This means, that digital currencyhas increased in popularity in the country and abroad enormously.
According to the report provided by the company, the trading volume of bitcoin in Venezuela increased to 40 bln of bolivars, while before the boom it was just 9 mln of bolivars.
This increase though was possible thanks to the absence of regulation that could control the cryptocurrencytransfers. One more reason for such boom is the hyperinflation of national currency and practically the collapse of banking system. >>>
https://hotcryptobuzz.com/hyperinflation-national-currency-can-advantageous-venezuela/
According to the report provided by the company, the trading volume of bitcoin in Venezuela increased to 40 bln of bolivars, while before the boom it was just 9 mln of bolivars.
This increase though was possible thanks to the absence of regulation that could control the cryptocurrencytransfers. One more reason for such boom is the hyperinflation of national currency and practically the collapse of banking system. >>>
https://hotcryptobuzz.com/hyperinflation-national-currency-can-advantageous-venezuela/
Related Posts:
- Bitcoin Trades Sideways As Investors Look To China (3)
- Cryptocurrency Debit Cards are Becoming More Popular (3)
- Future of Cryptocurrency – Will Bitcoin Keep Leadership? (3)
- Ripple Surprise – XRP Increases in Value for 30% (3)
- The rally continues: $ 6000 is the real price? (3)
- Sweden Settles a Debt in Cryptocurrency (3)
Comments
Post a Comment