Bitcoin Trading Volumes soar with regualtions in Venezuela
Source: https://news.bitcoin.com/venezuelas-btc-trading-volumes-record-highs/
“Necessity is the mother of all invention” I believe is the saying....and the “need” for cryptos is definite in Venezuela.
The recent crypto regualtions, decrease in the Venezuelan currency “Bolivar” are making for the perfect “crypto storm”.
Trading volumes and education are increasing and the government is now endorsing crypto adoption with regulations.
This is one of the “key drivers” that is seen for 2019 — countries with currency issues.
There are many others who wish to get around SWIFT system of global currency trading, so don’t be surprised to see several countries use a crypto that cannot be stopped by another country.
Bakkt Exchange is moved out to later this year.
Fidelity is coming.
The engines are getting warm and much has been going on but they don’t tell people.
God speed to the people in Venezuela.
I hope that all countries with currency issues around the world will inevitably adopt cryptos in the future.
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I think this will be a major driver for early adoption — neccessity.
when a currency is in trouble, a new one will come to take its place
And there will be quite a few that have issues over the coming years — including the dollar :-)
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People must find way of transmitting business. Life goes on...
Yes...better than sitting there and watching your money lose value.