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Ostrogodsky | 4 years ago

I am Venezuelan, I will tell you what 99% of Venezuelans would tell you. They will prefer.... USD. Bitcoin had its heyday when the country was in that horrible time of hyperinflation and strict foreign currency control, and, since stupidity seems to have a limit the government relaxed a bit the controls and people also got smarter regarding the use of USD. Now, people pay using USD bills, you can have USD accounts in Venezuela (risky but possible) and a sizable part of the population have an US bank account so they pay within Venezuela with Zelle transfers. Bitcoin is still used but by far people will default to the convenience and security of the green beast.

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