Venezuela

Upheaval and unrest in established markets, like change and evolution in emerging markets, make a compelling case for Bitcoin adoption.

Traki, one of the largest retail chains in Venezuela, has installed its first bitcoin ATM — another step in the country’s adoption of cryptocurrency.

Data compiled by usefultulips.org shows that Venezuelans have purchases $250 million worth of BTC and that bitcoin is working as Satoshi intended.

Venezuela’s Central Bank is considering adding bitcoin to its balance sheets, giving state institutions the ability to settle payments in cryptocurrencies.

A new academic paper asserts that decentralized cryptocurrencies like bitcoin are critical for public welfare.

A survey conducted by Paxful found that a majority of Colombian respondents are familiar with and open to adopting bitcoin.

According to data from Coin Dance, the exchange rate between bolívars and bitcoin is now more than five times what it was at the beginning of 2019.

In a bid to circumvent U.S. sanctions, the government of Venezuela is experimenting with converting tax revenue into bitcoin and trading it for fiat currency at foreign exchanges.

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Bitcoin Magazine’s Week in Review for week of June 22nd, 2019