Zimbabwe Hyperinflation could Lead to Cryptocurrency Adoption

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Fears of a currency crisis contagion are spreading fast. Cryptocurrency might be the answer. Venezuela, Turkey, and Iran are all facing economic crises.  Inflation is crippling.  Therefore, many are turning to cryptocurrencies for value, and as a means of exchange. It’s only increasing the likelihood of further global adoption Even Zimbabwe is experiencing one of … Continue reading “Zimbabwe Hyperinflation could Lead to Cryptocurrency Adoption”

DASH Adoption: Venezuela Inflation at 488,865%

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To say inflation is out of control in Venezuela is an understatement. As of September 2018, consumer prices were up 488,865% in a single year.  All as hyperinflationary issues accelerate amid economic collapse. In an effort to stabilize prices, President Maduro cut five zeros off the bolivar currency and boosted minimum wage by 3,000%. It’s … Continue reading “DASH Adoption: Venezuela Inflation at 488,865%”

Why Latin America’s Interest in Cryptocurrencies is on the Rise

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Latin America is quickly turning to cryptocurrencies for stability. In Venezuela for example, hyper-inflationary issues have crippled the economy.  As a result, the Dash coin has become popular.  In fact, now more than 200 merchants accept it, including Subway and even Calvin Klein. The region is even seeing thousands of wallets downloads every month. “We … Continue reading “Why Latin America’s Interest in Cryptocurrencies is on the Rise”

Venezuela Ties Fiat Currency to Oil Backed Cryptocurrency

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Venezuela is a tragic story of the wealthiest nation in South America becoming impoverished through unfortunate choices. The president revealed he will begin a different economic reform program. This will see the bolivar currency pegged to the country’s first petro cryptocurrency. This will not be a pain free transition though. President Nicolas Maduro argued this … Continue reading “Venezuela Ties Fiat Currency to Oil Backed Cryptocurrency”

A Cryptocurrency is Making Significant Progress on Venezuelan Crisis

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Dash (DASH) is quickly becoming a highly adopted global cryptocurrency. Venezuela, for example, has been quick to accept it thanks to hyper inflationary issues. In fact, many are turning to cryptocurrencies as a way to store value as the bolívar’s exchange rate spirals far out of control. The most recent devaluation of the country’s currency … Continue reading “A Cryptocurrency is Making Significant Progress on Venezuelan Crisis”