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[NoLimits15]

Binance has opened up trading for Venezuelan citizens and people can buy crypto using bolivars which is the national currency for Venezuela. This is good news for Venezuela as there are plenty of crypto users there. It's been reported that the users over there are buying more stablecoins like Tether from Binance instead of bitcoin because of volatility.

 

[SCAMEXPOSER]

Binance has opened up trading for Venezuelan citizens and people can buy crypto using bolivars which is the national currency for Venezuela. This is good news for Venezuela as there are plenty of crypto users there. It's been reported that the users over there are buying more stablecoins like Tether from Binance instead of bitcoin because of volatility.

This a good news and the fact that cryptos are continuously finding their way to be stable and acceptable. Investing in tether while converting it to Bitcoin will be a good business now since there is more demand for it now the price could spark up.

 

[Brain]

Good news indeed for the the people of Venezuela, so that can easily trade now and on a stable state. I'm hoping this will be replicated for my country as well since Bitcoin is still not yet accepted in my country. This I think will boost our economy too.

 

[SCAMEXPOSER]

Good news indeed for the the people of Venezuela, so that can easily trade now and on a stable state. I'm hoping this will be replicated for my country as well since Bitcoin is still not yet accepted in my country. This I think will boost our economy too.

Do you think the vulnerability of Bitcoin could a tool to economic booster? Is your country is developing nation or developed nation?

 

[Brain]

Do you think the vulnerability of Bitcoin could a tool to economic booster? Is your country is developing nation or developed nation?

I'm from a developing country and I think despite the volatile nature of Bitcoin it can be a great booster to the economy. Bitcoin has got value even as digital money and can help the government the economy for it's citizens

 

[Wisdom01]

I guess its a good news for them ,since their currency value is quite low then they could turn more to the use of cryptocurrency ,it will be of help

 

[Balint098]

Currently a lot of Venezuelans are using US Dollars and cryptocurrencies as their daily method of payments. The hyperinflation and the pandemic rendered their national currency virtually worthless.

 

[SCAMEXPOSER]

Using Crypto and US dollars for online transaction is not still a way forward in my opinion for the Venezuelan because the measure or equivalent is still according the current value of their currency, is it not better they ensure their currency is improved in value.