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RE: Question to the Steem Community. Would you like to spend your Steem on the High Street and with Merchants that have existing Fiat Payment Infrastructure already in place.
@stephenkendal During the time that I have been using the Steem platform I have been analyzing how to achieve the massive use of Steem coin in Venezuela. I've designed a marketing plan, but it would only be efficient in places where merchants and consumers are using technology platforms. The economic crisis that exists in my country has become fertile ground for Steem since the banking institutions are not giving much fiat money and due to high inflation the use of the dollar is being resorted to.
For the use of a new digital currency to work there must be a computer system that allows the constant movement of a circle of transaction between currencies , in this case from Venezuela that is from Steem to Bolívares and from Bolívares to Steem. In other words, that merchants can easily convert the received Steem to Bolívares and from Bolívares to the dollar.
Currently the financial authorities have wanted to impose the Petro , but the initiative has failed in not giving technological freedom to merchants to exchange the Petros in bolivars or dollars, so nobody wants petros and so on. the transaction circle between currencies stops.
For the use of a new digital currency to work there must be a computer system that allows the constant movement of a circle of transaction between currencies , in this case from Venezuela that is from Steem to Bolívares and from Bolívares to Steem. In other words, that merchants can easily convert the received Steem to Bolívares and from Bolívares to the dollar.
Currently the financial authorities have wanted to impose the Petro , but the initiative has failed in not giving technological freedom to merchants to exchange the Petros in bolivars or dollars, so nobody wants petros and so on. the transaction circle between currencies stops.
