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Bitcoin is good for cross-border payments and hedging inflation. See how Bitcoin has been used in Venezuela: https://www.coindesk.com/bitcoin-adoption-venezue
by cwkoss 6y ago
Bitcoin is good for cross-border payments and hedging inflation. See how Bitcoin has been used in Venezuela:
https://www.coindesk.com/bitcoin-adoption-venezuela-research https://www.coindesk.com/bitcoin-adoption-venezuela-research
- RC_ITR 6y agoWhat's the solution to 'Bitcoin sellers generally demand USD or EUR' though? Unless Venezuelans are mining their own at massive scale, I'm not sure how they actually hedged inflation via crypto, since they likely had some ability to buy an intermediary currency anyway.