In Venezuela, Cryptocurrency Is an Oppressor and a Lifeline

[blacknight789]

Since, Venezuelan people have getting introduced to blockchain and cryptocurrencies recently due to their government itself opting for the release of their own crypto called Petro to deal with the inflation of the country, so it is very likely for the citizens to get accustomed to utilities of all the cryptos within a very short period of time.

[Luckycoins999]

It is better if Venezuelan citizens right now focuses on their own crypto Petro. Once they have learned the correct usage of cryptos to solve their daily problems they will eventually start moving on to BTC once they realize the profitability of it.

[cryptofun888]

The recent hyperinflation in Venezuela has stunt the people there. So many people has started using the decentralized crypto coins as transaction form and they have this only way that can restrain them from being poorer. Government is unable to control the use of crypto coins.

[IamKnowledge]

Venezuela has been a country that has promoted bitcoin and the other cryptocurrencies. They are doing everything within their endeavour to show beneficial cryptocurrencies can be. That is great new for us, the crypto investers.

[Geemy]

I have heard about the financial problem facing Venezuela and have resorted to cryptocurrency they can make a coin for them , I think this is good news

[cryptoshops9944]

2018 has hit Venezuela with the biggest hyperinflation. The prices have raised 50% and people are going crazy what to do. In this situation using decentralized digital crypto currencies has become the most effective way to cope with the situation. Because of decentralized system, Govt. is unable to stop the use.

[blackrain321]

Venezuela has struck with hyperinflation and people of the country are retorted at the situation. Now the only way they can survive in this situation is to use decentralized digital crypto currencies. This can be used over the world and the hyperinflation of the country can be avoided by some distance.

[Ucy]

I have no problem with governments owning their own Cryptocurrencies as long as they're of the typical  Public, Decentralized, Immutable and Transparent Blockchain. And they (governments) must not prevent people from using or holding  Bitcoin and other Cryptocurrencies.   None of their Cryptocurrency should be allowed on public platforms if it violate our rules.

[stownbridge]

It's good when the state has different tools for getting out of the financial crisis. It's bad when the world's ruling elites do not understand the use of bitcoin.

[Courtney78Green]

Does that country have a legal Bitcoin? It takes a lot of time to try to improve the deal.