According to the website of Coin Dance, by April 14, the trade volume of bitcoin, paired with Venezuelan bolivar on the Localbitcoins exchange, rose to a record mark of 2.7 trillion Bolivars ($ 55 million) per week. And a week earlier this figure was $ 35 million, and in the last week of March - $ 18 million. And this is only in some Venezuela!)
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https://coin.dance/volume/localbitcoins/VEFThis is a very good news to all of us. Sooner or later more countries will adopt not only bitcoin but other crypto as well. This is just the beginning, there's still so much more that can happen with regards to the technology brought by bitcoin and the blockchain. I can just imagine how convenient and comfortable it will be if every people here on earth will just use crypto as mode of payments to everything whether it will be goods or services. Lower fees and faster transactions should be the main focus of development when it comes to the use of cryptocurrencies.
That's pretty awesome. Venezuela is pretty unique because it's essentially an entire country demonstrating a Bitcoin use case. Their fiat is collapsing and Bitcoin is currently a perfectly legal and convenient way to escape it. It sucks that the country is in the shape that it's in, but it's good that people are finding a real-world use for Bitcoin I suppose.
They seem to be pushing Petro quite aggressively though, and them banning the competition in the future is quite a real possibility in my opinion. I guess we'll see though, as their government clearly believes that accepting crypto will help their economy improve.
ACWA Power, the Saudi-based developer, owner and operator of power generation and water desalination plants, will now start using SolarCoin, the first time a utility-scale company will adopt the global reward programme for solar electricity generation. This technology can really create more innovations and applications in the future. I'm really looking forward for new inventions and applications that will be created in the future using the blockchain technology.
Let's all be ready to embrace a very bright and promising future of cryptocurrencies few more years from now.