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Yes there is, sometimes they don't even remit but rather use btc. I send $10 a month to ~5 people in Venezuela and it's one of the only ways now to help out and
by wp381640 7y ago
Yes there is, sometimes they don't even remit but rather use btc. I send $10 a month to ~5 people in Venezuela and it's one of the only ways now to help out and/or live there
- kmonsen 7y agoCan you provide more detail on how they actually use the bitcoin? Genuinely curious as in most countries the use cases are very limited, and there is a large cut when converting into/out of bitcoin that doesn't make it worth it.
- brendanw 7y agoThere was solid episode of Odd Lots on cryptocurrency usage in Venezuela. https://www.bloomberg.com/news/articles/2019-07-29/here-s-how-people-are-using-cryptocurrency-in-venezuela https://www.bloomberg.com/news/articles/2019-07-29/here-s-ho...