The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro. Continue reading Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services
Since last Thursday, i.e. 7th of March 2019, the country has been witness to a massive nationwide blackout that has plunged even critical infrastructure like hospitals into darkness. The current outage is claimed as the worst in decades and has resulted in a humanitarian crisis including looting, compounding the economic hardships and turmoil affecting the country. The power crisis has crippled the internet service and lack of internet access has
made payment services, including cryptocurrency, ineffective. Continue reading Dash Text Continues Operation Despite Nationwide Blackout in Venezuela
Dash, a portmanteau of Digital Cash, has in many instances for the public in Venezuela become a way in which to negotiate their economic standings in the South American country, which is under tremendous civil unrest, because of its cash-like nature. Continue reading Cryptocurrency More Than a Bolivar Hedge, It’s a Way to Survive in Venezuela
A new documentary entitled “Colombia and the Cryptocurrency Revolution” shows recent spikes in Colombia’s adoption of cryptocurrencies. The Dash-sponsored YouTube channel covers the merchant adoption progress in Medellín and crypto conferences taking place in South America. Continue reading Colombia and Venezuela Lead South America’s Cryptocurrency Revolution
The world is watching complete chaos in Venezuela, which is dire financial straits. Crypto investors who steered clear of a crypto offering peddled by the country’s president should be breathing a sigh of relief. Continue reading Venezuela Gives Maduro the Boot, Will This be the End of His Petro Cryptocurrency?