what cryptocurrency is venasquala using

Last Updated on November 5, 2023 by Paganoto

Venezuela Pegs Minimum Wages to National Cryptocurrency

The Venezuelan national cryptocurrency is based on the DASH blockchain, and has many characteristics of a CBDC. Venezuela said its minimum wage would now be 50% pegged to the national petro (PTR) cryptocurrency, according to a report from Bloomberg on Friday.Mar 3, 2022

As Venezuela's economy regresses, crypto fills the gaps

In Venezuela, crypto is mainly used to hedge against inflation that causes bank deposits to sharply depreciate in weeks or even days.

How Open and Public Cryptocurrencies Can Help Venezuelans

One example is Bitcoin Venezuela, a nonprofit organization that feeds about 2,000 people on a daily basis through Bitcoin donations.

Petro (cryptocurrency) – Wikipedia

The petro (₽), or petromoneda, launched in February 2018, is a cryptocurrency issued by the government of Venezuela.

CryptoCurrency in Venezuela – Regtechtimes

Petro is regarded as the cryptocurrency in Venezuela that came into existence through the digital markets by the Venezuelan government. In December 2017 this …

Cryptocurrency Ownership Data for Venezuela 2021 | TripleA

How many crypto owners in Venezeula? It is estimated that over 2.9 million people, 10.3% of Venezuela’s total population, currently own cryptocurrency.⁽¹⁾ …

Venezuelans try to beat hyperinflation with cryptocurrency …

“Whether it’s furniture, clothing or groceries — virtually everything can be purchased with cryptocurrencies,” he said, adding that Venezuelans’ …

Petro (PTR) Definition – Cryptocurrency – Investopedia

What Do Venezuelans Use Instead?

Venezuela announces its own central bank digital currency

Venezuela is giving its national currency, the bolivar, a makeover in October. In addition to redenomination, the country’s central bank …

Venezuela replaces national currency with bitcoin

In a fascinating move Venezuela, which has been a basket-case economy ever since Hugo Chavez died in 2013, has dropped their national …

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Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.