Indeed, local sources told CoinDesk that only a small number of projects and merchants are actually using dash. For example, Fabiana Arreaza, owner of the startup Chiringuitos, told CoinDesk
that customers rarely use the crypto payments option.
“We’ve been accepting dash for two years. We currently haven’t received any clients using dash to pay for their events. They’d rather use bolivares or dollars,” she said.
The same bolivares thats subject to severe hyperinflation ?
The same bolivares thats subject to capital control limitation measures set by its government ?
The same bolivares that you can find in the gutter of the streets in Venezuela, because it failed as a currency ?
Venezuela’s currency so worthless that locals weave goods out of it!
Link :
http://en.protothema.gr/venezuelas-currency-so-worthless-that-locals-weave-gods-out-of-it/Hyperinflation led to the money being useless
Street vendors in Venezuela are weaving baskets from banknotes after 13,000 per cent inflation rendered them practically worthless.
Inflation in the oil-rich Latin American nation has seen the economy spiral out of control, with its currency the Bolivar losing 87 per cent of its value against the euro.
Cash is worth so little there bank notes are often seen littered on the streets.
But street seller Wilmer Rojas has found a use for them.
The 25-year-old is selling origami-style handbags, purses, hats and baskets – all made out of money.
Mr Rojas, a father-of-three, said: ‘People throw them away because they are no good to buy anything.
‘No one even accepts them anymore.
I find it hard to believe the statement in the article from a local source that they rather use their own local currency (bolivares). Then there is the mentioning they rather use dollars, which is
of course hard to get when your local currency (bolivares) is in a hyperinflation state, has strict capital control measures and with the USA having imposed additional sanctions on Venezuela.
Link :
https://www.bloomberg.com/news/articles/2019-08-05/not-even-dollars-can-save-venezuelans-from-inflation-s-wrathCarmen Rojas used to be one of the fortunate Venezuelans who lived off a steady flow of money from relatives abroad, with $150 from her two sons providing enough cash to last a month.
Today, she’s lucky if that amount gets her through the week.
Luxuries like trips to restaurants and the movies are long gone. The 65-year-old homemaker gave up meat and now mostly eats arepas -- a corn patty staple -- with lentils and beans. The owner of
two stray dogs, a third of her monthly intake is eaten up by them alone.
What i do believe is that our Dash merchant numbers may decline even more after an audit, which i find not much of a surprise as globally the merchant listing numbers were already
declining in the statistics for awhile now -->
https://discoverdash.com/stats/This all does make me wonder if Bitcoin is doing any audits on their reported figures of adoption world wide (not just Venezuela) and how credible Coindesk's "local sources" really are.
What this Coindesk article reminds me of is that of a quickly written article intended to discredit Dash with regards to adoption in Venezuela, while neglecting to take into account the hyperinflation
thats rampaging there.
