Venezuela: The parallel economy of Bitcoin 💰

With the bolívar losing 99.99% of its value since 2018, Venezuelans have embraced Bitcoin and USDT to bypass economic collapse and authoritarian controls. 

Peer-to-peer Bitcoin trading volumes have surpassed those in Europe, showcasing the critical role of crypto in daily transactions.

Get the lowdown on @pods 👇🏽🧵

The platform for onchain podcasts | pods.media

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Listen and collect episode here:

https://pods.media/trust-me-bro/why-latin-america-needs-crypto