DASH replacing Fiat money in Venezuela

2 min read

Venezuela’s inflation problem seems to worsen by the day with the recent devaluation of their official Bolivar currency by another 95% & linking it to their national oil backed cryptocurrency Petro hasn’t helped stem the hyperinflation which is bound to hit a 1,000,000% this year. This has created a crisis like situation in the Latin American country where people are having trouble in even meeting their daily dietary needs. The poverty rates have hit alarming proportions compelling people to either flee the country (2.3 million) or turn to another source for survival – Cryptocurrencies! And while Venezuela is a prime…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.