Local Bitcoins Volume In Venezuela Is Going “To the Moon” – Justine Pope

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Over the past month, more and more Venezuelans are turning to bitcoin as a store of value. Activity on peer-to-peer bitcoin service LocalBitcoins shows just how much the trend is growing. Very likely caused by the rampant inflation in the South American country, the surge in bitcoin interest comes as Venezuelans search for a currency that won’t depreciate as much as the Bolivar. LocalBitcoins is what’s called an “over-the-counter” cryptocurrency exchange. Users post what amount of Bitcoin (or other cryptocurrency) they’d like to buy, for how much, and their location……………

Read more: https://www.cryptoglobe.com/latest/2018/11/localbitcoins-volume-in-venezuela-is-going-to-the-moon/

 

 

 

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