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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