Sasmora on Nostr: This is a long conversation, but I'll try to summarize it. The Bolivar (our official ...
This is a long conversation, but I'll try to summarize it.
The Bolivar (our official currency) is practically worthless, in 2019 during a national blackout of almost 7 days the use of the dollar in cash as currency was established (without electricity the banks did not work). From then on the dollar has been the de facto currency. In recent years and as a result of forced migration, electronic money solutions have begun to gain more and more strength, first with some exchanges, prepaid credit cards, etc. #Bitcoin is beginning to be adopted in some businesses, but very slowly, especially due to a lack of digital training for the population.
I think this is as summarized as I can get it. Anyway, I love talking about this topic, so I'm at your service if you have more questions ☺️😁🇻🇪
The Bolivar (our official currency) is practically worthless, in 2019 during a national blackout of almost 7 days the use of the dollar in cash as currency was established (without electricity the banks did not work). From then on the dollar has been the de facto currency. In recent years and as a result of forced migration, electronic money solutions have begun to gain more and more strength, first with some exchanges, prepaid credit cards, etc. #Bitcoin is beginning to be adopted in some businesses, but very slowly, especially due to a lack of digital training for the population.
I think this is as summarized as I can get it. Anyway, I love talking about this topic, so I'm at your service if you have more questions ☺️😁🇻🇪