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”
Petro Cryptocurrency
Venezuela Ties Fiat Currency to Oil Backed Cryptocurrency
Author David CrowderPosted on Categories UncategorizedLeave a comment on Venezuela Ties Fiat Currency to Oil Backed CryptocurrencyVenezuela 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”
