Venezuela Hyperinflation & Bitcoin Acceptance: COVID-19 Economics
The Venezuelan economy tanked several years ago, arguably due to corruption that arose out of failed socialist policies. Consequently, businesses adopted bitcoin acceptance as an alternative to the failing Venezuelan Bolivar (VEF). Currently, there are reportedly over 20,000 companies in Venezuela that accept crypto as a form of payment, according to Cryptobuyer. Crypto Merchant Gateway […]
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