Post
Topic
Board Speculation
Re: The weekly trading volume of bitcoin in Venezuela reached $ 55 million.
by
Supercrypt
on 18/04/2018, 16:52:28 UTC
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!)

Source: https://coin.dance/volume/localbitcoins/VEF

This 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.
It is good news indeed. The real life case actually started with the way the Zimbabweans adopted cryptocurrency to a very large extent, after their currency became extremely useless and worthless and so far, we have been seeing the demand increasing hugely in this region for a while now and helping the citizens in making transactions and most especially international transactions.

It is good the citizens of Venezuela are taking the same path and that shows how impactful bitcoin is being perceived in places like this considering the level at which it is going to help boost the economy, only if the corrupt governments would allow it.