August 11, 2020

Thousands of people in Venezuela will survive the economic crisis thanks to Bitcoin

Thousands of people in Venezuela will survive the economic crisis thanks to Bitcoin
Venezuela; cryptocurrency Bitcoin Petro

Venezuelan residents receive humanitarian assistance from the organization "Bitcoin for Venezuela." Home cryptocurrency is becoming a tool to support thousands of residents, according to Bitcoinist.com.

Bitcoin will help the hungry and poor of Venezuela

The non-profit organization Bitcoin for Venezuela (BFVI) supports thousands of hungry residents. So, according to the latest data, $ 230 in BTC (Bitcoin) will feed 1,200 people.

The list of products includes fruits and vegetables, eggs, pasta. In addition, the organization provides other essential goods.

Bitcoin continues to be the most popularcurrency option for residents of Venezuela. Due to the imposition of US sanctions, residents began to use BTC, Dash and other electronic currencies. At the same time, Venezuelans are not so attached to the national cryptocurrency - El Petro.

  • In August of this year, the Venezuelan authorities launcheda platform for money transfers from abroad in the state cryptocurrency Petro. At the same time, the government believes that this is the only way not to depreciate profits.