4 ms·
People in Venezuela certainly do send and receive USD from abroad, it is obviously the only way it gets into the country. You can go to a grocery store and buy
by opencl 8y ago
People in Venezuela certainly do send and receive USD from abroad, it is obviously the only way it gets into the country. You can go to a grocery store and buy food with USD. This is what people are actually doing. I suppose you can try to convince the people at your local grocery store to accept cryptocurrencies but good luck with that. And good luck using cryptocurrencies in a country that suffers from frequent blackouts of both electricity and internet.
- aclsid 8y agoI'm sorry but I currently live in Venezuela and what you are saying is wrong. Very few places in Caracas or hotels will actually take USD for payment since it is considered illegal unless you go through the regular channels with the idiotic govt exchange rate. Bitcoin not only thrives here and allows you to bypass the whole craziness with the economy by using exchanges like localbitcoins.com where somebody would deposit the amount of bitcoin you sold to your local bank account. This way you just keep your money in bitcoins if you want. This is specially true with miners.
- arisAlexis 8y agofor sure people that live in Europe cannot deposit good amounts of USD to send through the bank to their relatives there. I know this for a fact. I think you are misinformed.