In 2017, high-flying bitcoiners attempted to foment democracy in Venezuela by airdropping crypto and paper wallets. What did we learn from these experiments?
Crypto remittances are growing in Latin America, particularly in the wake of other remittance platforms shutting off access to some markets.
The Venezuelan arm of the restaurant chain now accepts dash and bitcoin through CryptoBuyer.
The U.S. government is sending USDC payments to Venezuela using Circle and Airtm to bypass Nicolas Maduro, the nation's dictator.
Venezuela’s peer-to-peer bitcoin activity has been extraordinary, whether measured as an absolute or relative to GDP, according to CoinDesk Research data.
The blockchain-based exchange comes as part of new measures announced by Pres. Nicolas Maduro in a bid to sidestep tough U.S. sanctions.
The Venezuelan agency responsible for regulating cryptos has legalized the mining industry, but in the process mandated it be centralized under government control.
For a moment, it looked as if crypto would make a huge stride in Venezuela. But accessing funds from abroad has been difficult.
The exit deprives Venezuela's crypto scene of its second-largest P2P exchange.
Venezuela has blocked access to Coinbase and MercaDolar, cryptocurrency and fiat remittance platforms respectively, alongside two VPN providers.
Ukraine, Russia and Venezuela are the top three countries by crypto adoption in the world, according to Chainalysis.
Crypto-dollars offer an alternative to unreliable currencies and the dangers of holding physical cash. They just need to be designed for everyday people.
The Venezuelan government's push to create a cryptocurrency-centric economy appears to be working, but perhaps not in the way officials had hoped.
After airdropping cryptocurrency to 60,000 users in Venezuela, AirTM survey results suggest how crypto is really used in the economically troubled nation.
With their economy crumbling from hyperinflation, Venezuelans are finding new workarounds to get hold of digital dollars.