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RE: 🗞 Daily Crypto News, October, 24th 💰
I think the Madura story is amazing because this is a major South American country, which was once very wealthy and could be very wealthy in the future, which is now going to encourage gist yo cryptocurrency trading and paying for hoods and services with cryptocurrency. This is big news. Thank you!
It could be but the fact that this crooked government is behind the initiative might not be so positive after all... They just foudn a new way to print money !
I am concerned about that aspect, as I bought coins early in my crypto journey where the developers took the money and ran leaving empty promises and devalued coins. But I am encouraged that the infrastructure they build to trade their coin the Petro can also be used to trade other crypto’s so the Venezuelan people can escape run away inflation with fiat to crypto. They may be able to rebuild their economy using stable coins or other crypto better suited for this. I have read that Dash has been very active in South America. I wish our stable coin SBD had a better peg to the dollar, so it would be a viable candidate for that purpose.