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RE: Crypto: Hope for Venezuela?

in #crypto5 years ago

Crypto is too volatile to replace the currency. Since at least 1933, countries have ended hyperinflation by dollarization, either by using USD or pegging a new currency to the dollar. USD has a reputation for stability, which is what these economies need. Occasionally, a country reforms and stabilizes its currency so that it can replace USD. Israel is an example of this.

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Hi dear @rufusfirefly.
It is not about replacing the national currency with crypto. But the way in which the people can help themselves economically with the investment or use of crypto. Participating in communities like steemit, mining, buying some tokens as an investment way.
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