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RE: Bitcoin trading volumes continue to explode in Venezuela
Well they are quite literally starving to death. I would try about anything if I were them. They go to be and wake up to 10x inflation from the time they laid their head down
Yep, it's pretty terrible. This is the entire reason bitcoin is so attractive. It keeps governments from printing into oblivion.
Well, they're trying petro.
Is anyone actually using that?
The govt is forcing banks to adop it.
Is not that everybody is going to use Petro, just banks, big funds and countries to buy their oil. That gives volume and movement to Petro. Then, they use is as they used US dollars before to back their currency, called Bolivar. I guess, and Maduro said, that they will create a new Bolivar if the current currency collapses.