Venezuela leads BTC exchange in Latin America
Despite the adverse economic conditions in the region and internally, Venezuelan citizens are looking for ways to safeguard the value of savings through bitcoin
In Venezuela there has been an exchange in bitcoin (BTC) in the order of 13% of the nearly 7 billion dollars in cryptocurrencies through LocalBitcoins.
This places the South American country at the top of the list of the region and in the fourth worldwide below the global market leaders: the United States, Russia and the United Kingdom.
Despite the adverse regional scenario, the recent approval of a new monetary cone, a high inflation rate and the reduction of the purchasing power of the population, Venezuela has registered an exchange of 675 BTC during the last week of August, equivalent to four million dollars on average.
It is important to remember that bitcoin is the main cryptocurrency of the international market. Thus, Venezuelans have decided to trust it as a measure to safeguard the value of savings.
Another aspect to higlight is the fact that the new currency, the Bolívar Soberano, is anchored to the petro, the Venezuelan cryptocurrency. Analysts expect to see the results of this strategy soon.
M.Pino
Source: VTActual
Receive this and all our information directly on your cell phone through our channel on Telegram: https: //t.me/BitFinanceNews
