Re: The weekly trading volume of bitcoin in Venezuela reached $ 55 million.
Venezuela is the most committed country partaining adoption on crypto currency...with the oil wealth in venezuela,more and more money will be invested in bitcoin particularly,.good news..
Oil wealth? What oil wealth? What money?
https://panampost.com/sabrina-martin/2018/01/04/new-monthly-minimum-wage-in-venezuela-barely-enough-to-buy-daily-cup-of-coffee/
This wealth?
Quote
The new minimum wage amounts to a daily income of 26,583 bolivars (US $0.26), which barely covers a coffee or a pie (20,000 bolivars US $0.2) at prices listed on December 31, 2017
I've already pointed out that those 55 millions are because of the fake rates between the official and the blackmarket bolivar to usd rates.
Venezuela's economy has collapsed, and their fiat money is worthless.
Local residents pay through BTC to meet daily life needs!
Many BTC minerals are also in venezuela!
This is just the same exact incidence that is happening in Zimbabwe and it is good because it is obvious that the real life usage of bitcoin ........Local residents pay through BTC to meet daily life needs!
Many BTC minerals are also in venezuela!
That reminds me of how Zimbabwe has really been using bitcoin a lot for transaction purposes than one can imagine which has made the value to shoot higher than normal in this place than other places globally. It is a good thing to know bitcoin is really making huge impact.
Which was another round of fake news with no support.
Those claims about Zimbabwe using bitcoins for purchases appeared when the average tx for a bitcoin transaction was over 10$. How could somebody in a country that has a media wage of 300$ pay 10$ for a purchase?
Those are just exaggerations that have so little truth in them like the FUD about countries banning coins.
I am surprised Venezuela has 55 million worth of liquid cash to make such a trading volume. The country is in an exteme economic fall right now isn't it?
Read my post above and divide the number by 10.
