I would like to reply to The Pharmacist.
Venezuelans buy US dollars in order to alleviate inflation. Most Venezuelans do not have the ability to save, their bank accounts will surely be empty as well as mine.
The adoption of crypto in Venezuela has one of its most important representatives as it is.
https://cryptobuyer.io/es/merchants/But unfortunately its CEO Jorge Farias died as a result of covid19 last month. Probably the development of his project is slower because of his absence or maybe not. How everyone knows how to adopt cryptocurrencies in any of the scenarios is a long journey.
Venezuelans buy and sell cryptocurrencies on P2P Binance, there are also other platforms such as Cryptoway and Cryptobuyer. I have used all these platforms to sell bitcoin and other cryptocurrencies to make use of my local currency and meet my daily needs every week.
The adoption of the cryptocurrencies that you can see in the videos has been thanks to the efforts of Cryptobuyer and other personalities but it is a small and important part to continue moving forward.
I think it would have been better if you had quoted him, but I gave you merit anyway. This is what the Pharmacist said:
Yeah well, what do you think has been happening in slow motion in the US and other countries over the past century or more? Prices rise, wages rise in step (sometimes). Workers in 1906 could buy a meal at a restaurant for $0.25 but some made about $1/day. And look at today's prices and wages in the average American city. Anyway, it's sad to see Venezuela getting hit this hard. The thing I'm wondering is whether Venezuelans are actually using that shitty currency or are using something more stable (like the USD or some other relatively local currency). I can't imagine anyone there would want to save money in the form of a currency that's hyperinflating. They'd either spend it as soon as they get it or trade it for dollars (or crypto even).
Any Venezuelans here who could shed some light as to what the reality is there? I've asked that before in a couple of other threads about Venezuela, but I don't think I ever got any replies. Has there been an increase in crypto adoption as has been claimed on a bunch of Youtube videos or is that just BS?
Are you from Venezuela @verita1? You seem to at least know well the country,