from CryptoCompare. The following chart shows the LocalBitcoins volume in USD across Latin American countries: Source: LocalBitcoins, CryptoGlobe, as the chart shows, Latin Americans in general have been increasing their LocalBitcoins use, but. Yet, even when you look at drastic statistics like bitcoin losing 80 percent of its value in 12 months, it pales into insignificance compared to a national coin that lost 95 percent in value from one day to the next. To give you some context, inflation in the US.2 percent and recent Federal Reserve hikes caused a severe round of backlash from businessand even president Trump saying that the Fed had gone crazy. Their reasoning is that buying and holding groceries is more profitable than holding the bolivar, which could be devalued any second. Bitcoin, but the switch is not easy. Even the most iron-cast stomached of all hodlers has to admit to getting jittery at times.
Bitcoin traded in the oil-rich, but cash-poor, country has soared. Venezuela, sees Biggest Jump in, bitcoin Volume to Date.
Send Feedback, feedback, contact Email, support via, bitcoin. To avoid running into problems with international sanctions, many US and European based exchanges are refusing to service Venezuelans. Venezuela, sees Biggest Jump in, bitcoin, volume to Date. In neighboring Chile and nearby Peru, inflation is set to reach 3 percent and.7 percent respectively. Earlier this year, the Venezuelan government announced the creation of their own cryptocurrency, the Petro, which is pegged to the price of oil.
As the word spreads about the worsening humanitarian crisis in Latin Americas most oil-rich country, peer-to-peer purchases of bitcoin are on the rise.
Venezuela s P2P, bitcoin market does 157x the volume of their largest stock exchange.
Venezuela s top stock exchange did 8,117 of trading volume on Friday.
Venezuela, plummet During Nationwide Blackout Venezuelans are having a difficult time as the countrys power grid shut off on March 7, leaving the majority of Venezuelan states.
Coin Dance - LocalBitcoins.
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