Post
Topic
Board Speculation
Re: The weekly trading volume of bitcoin in Venezuela reached $ 55 million.
by
jseverson
on 17/04/2018, 13:47:41 UTC
I think it may actually be because of Petro that bitcoin adoption is growing this much in Venezuela!

Yeah I guess you could look at it that way. I mean, it looks like Bitcoin has always been popular in Venezuela, but if nothing else, Petro basically cemented the fact that their government is completely open to Bitcoin and its use. I also see Petro being talked about as Venezuela's Bitcoin every now and then, so I'm sure it's increasing awareness.

Local residents pay through BTC to meet daily life needs!

It's probably not as widely used as people imagine. There's a huge black market for foreign currency there. It looks like things are about to change quickly though.