Mark Mason
Well-known member
Venezuela Dash Adoption Gains Mainstream Attention, Social Media Campaign Gains Steam
A MarketWatch article has drawn attention to the significant adoption that cryptocurrencies are seeing in developing nations, but particularly highlighted Dash adoption in Venezuela.
The article started off by following Eugenia Alcalá, organizer of Dash Venezuela, in the grocery store and detailed her experience of wanting to purchase some basic items for 200 million Bolivars, but the point of sales system only allowed 20 million Bolivars at a time. She thus has to make 10 separate transactions with each taking up to 5 minutes. The article detailed how the Venezuelan economy has contracted 10% this year, totaling 45% over the past 4 years and the latest inflation figures around 45,000% and the recent IMF prediction that inflation could reach 1,000,000% by the end of the year. The article discussed how this makes Venezuela a “perfect storm”, as Eugenia described, for the adoption of cryptocurrencies as a potential solution.
Read more - https://www.dashforcenews.com/venez...-attention-social-media-campaign-gains-steam/