Bitcoin/Banking

Bitcoin offers stability in Venezuela’s shaky economy

Venezuela was once one of the wealthiest economies in South America. Today, that economy is in shambles. Venezuelans are facing colossal inflation rates — rising to more than 1 million percent last year — which makes it nearly impossible for people to afford the cost of living. A Venezuelan economist, Carlos Hernandez, has found a temporary solution in bitcoin’s speculative transaction system. Hernandez said that with bitcoin, he can “trade with anyone in Venezuela,” and transact online. He spoke with Marketplace host Kai Ryssda…
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