Retailers in countries experiencing currency devaluation and cash scarcity are forced to conquer the markets of other countries, using Bitcoin for selling local goods that are ready for shipping worldwide. A reseller of Mercedes-Benz from Venezuela began this practice too and tells his story to CoinIdol.com News Outlet.
The acceptance and popularity of Bitcoin is rising in cash-deprived Venezuela as a viable alternative. With the Venezuelan currency devalued, the Bitcoin price has increased by 30%. Bitcoin volume is consistently reaching new highs as well. If the devaluation, inflation, and goods shortages get worse, and if people continue to feed the black market, then the price of Bitcoin will continue to skyrocket.
You can read more info and take part in the discussion here:
https://coinidol.com/venezuelan-dealer-trading-mercedes-benz-worldwide-for-bitcoin/
