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[Balint098]

As per Bitcoin.com, Venezuela, a country with struggling socioeconomic structure has forced its million residents to search for alternative ways to stay survive. And cryptocurrencies is one of the answer. Based on a report published by a blockchain data analytics firm Chainalysis, the country has ranked third in its crypto adoption index.More and more Venezuleans are adopting crypto because of their crubling economy and wild swing of inflation that happened in the country.

 

[Niftyicon]

I think bitcoin and Cryptos became a haven for Venezuelans at such a time and same goes for many other countries where inflation is so high and people keep suffering.

 

[Wisdom01]

I think majority are actually investing into crypto currency because the value of their currency is depreciating on a higher note , so they need an alternative

 

[Kunkun]

I think majority are actually investing into crypto currency because the value of their currency is depreciating on a higher note , so they need an alternative

That makes sense, it's a wise move and more underperforming country citizens too could adopt in the future, crypto has been a safe haven for a lot of people honestly

 

[Wisdom01]

That makes sense, it's a wise move and more underperforming country citizens too could adopt in the future, crypto has been a safe haven for a lot of people honestly

Yeah true for some people the existence of crypto currency have made them really rich i think , and have added a lot of benefits to them

 

[Kunkun]

Yeah true for some people the existence of crypto currency have made them really rich i think , and have added a lot of benefits to them

Crypto really saved lives during this pandemic, that's why it's sure to go on, not only making people rich, it has done more for some economies

 

[Wisdom01]

Crypto really saved lives during this pandemic, that's why it's sure to go on, not only making people rich, it has done more for some economies

That is why a lot of people keep adopting it up till now because of the multiple importance attached to the use of crypto currency i think

 

[achawaskey]

Situation has made Venezuela to adopt crypto in order to make there citizens have something doing amide this corona virus pandemic. Its a nice development, it will help to put food on the tabke for the citizens.

 

[Kunkun]

That is why a lot of people keep adopting it up till now because of the multiple importance attached to the use of crypto currency i think

The block chain technology is really a good one, not only is it useful for crypto but also could do a lot in improving ones economy, it could be used during elections

 

[Wisdom01]

The block chain technology is really a good one, not only is it useful for crypto but also could do a lot in improving ones economy, it could be used during elections

Yeah true the blockchain technology could be used for a lot of things and majorly have a lot of benefit attached to it i think , so that's it

 

[Kunkun]

Yeah true the blockchain technology could be used for a lot of things and majorly have a lot of benefit attached to it i think , so that's it

It has so many benefits and I'm sure there would arise other instances it can used for in the future, this further seals crypto as future currency

 

[Wisdom01]

It has so many benefits and I'm sure there would arise other instances it can used for in the future, this further seals crypto as future currency

I think despite the popularity and benefit of crypto currency , i still wonder why a lot of people don't actually want to know about the use i think

 

[Kunkun]

Maybe after the pandemic that might happen, because I'm sure when everything and everywhere is settled , the use of the block chain technology would be adopted but fingers crossed

I think despite the popularity and benefit of crypto currency , i still wonder why a lot of people don't actually want to know about the use i think

 

[Josemendez]

Venezuela citizens have really seen a difference in their life ever since the cryptocurrency was fully adopted in the country. I hope things gets better there.