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Venezuelans Look to Crypto Dollars for Financial Security

On Aug 31, 2020
@CoinDesk shared
OPINION: "Only assets and technology that don’t need to be explained can really earn the trust needed for mass adoption. If you have to explain it, it’s not money," says @alegw @valiuco. https://t.co/beCTetgJxw #bitcoin #cryptocurrency #blockchain
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Crypto-dollars offer an alternative to unreliable currencies and the dangers of holding physical cash. They just need to be designed for everyday people.

www.coindesk.com
On Aug 31, 2020
@CoinDesk shared
OPINION: "Only assets and technology that don’t need to be explained can really earn the trust needed for mass adoption. If you have to explain it, it’s not money," says @alegw @valiuco. https://t.co/beCTetgJxw #bitcoin #cryptocurrency #blockchain
Open

Venezuelans Look to Crypto Dollars for Financial Security

Venezuelans Look to Crypto Dollars for Financial Security

Crypto-dollars offer an alternative to unreliable currencies and the dangers of holding physical cash. They just need to be designed for everyday people.

Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela

Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela

Colombian startup Valiu has launched its ‘cryptodollar’ — Bitcoin-backed synthetic USD that Venezuelans can use for payments and remittances

Libra Cryptocurrency Could Be The Start Of A Global Currency

Libra Cryptocurrency Could Be The Start Of A Global Currency

Last week, Facebook announced that it was part of a consortium planning to launch a new cryptocurrency. Libra is a cryptocurrency but it's not like any of the others already available. ...

Major Crypto Exchange Kraken Has Not Delisted US Dollars, CEO Clarifies

Major Crypto Exchange Kraken Has Not Delisted US Dollars, CEO Clarifies

Rumors around major US-based crypto exchange Kraken surfaced, as traders claimed that they could no longer see the US dollar deposit option on the platform.

BitPay Introduces Stable Coin Settlements in Gemini Dollars and Circle USD Coin

BitPay Introduces Stable Coin Settlements in Gemini Dollars and Circle USD Coin

BitPay merchants can now receive settlements for their Bitcoin and Bitcoin Cash payments in two stable coins: Gemini Dollars (GUSD) and Circle USD Coin (USDC).

Venezuela Isn’t the Crypto Use Case You Want It to Be

Venezuela Isn’t the Crypto Use Case You Want It to Be

Cryptocurrency enthusiasts love to talk about Venezuelan users as an example of bitcoin's subversive potential – but the reality is more complex.

Despite Utility, Bitcoin Cannot Fix Venezuela

Despite Utility, Bitcoin Cannot Fix Venezuela

There are some misconceptions about how frequently Bitcoin is being used in Venezuela and the problems it can solve there. 

Crypto Dollars and the Evolution of Eurodollar Banking

Crypto Dollars and the Evolution of Eurodollar Banking

By Max Bronstein and Avi Felman OverviewWhile Bitcoin is rapidly assimilating into the global monetary picture, the dollar is unequivocally the world’s reserve currency given its dominance ...

To invest or stay away from Bitcoin?

To invest or stay away from Bitcoin?

You might have heard a thing or two about Bitcoin and have even wondered whether you should put some money in it. News everywhere would have mentioned something about Bitcoin whether bad or ...

Digital Dollars: Space Race Or Cold War?

Digital Dollars: Space Race Or Cold War?

The digital dollar is a big deal. It's either a new space race (or a new Cold War).

Special Report: In Venezuela, New Cryptocurrency Is Nowhere to Be Found

Special Report: In Venezuela, New Cryptocurrency Is Nowhere to Be Found

To hear Venezuela's leftist President Nicolas Maduro tell it, this remote hamlet of 1,300 souls is perched on the cutting edge of an innovation in cryptocurrency.