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Bitcoin venezuela hyperinflation

Over 20,000 New Shops Will Start Accepting BTC in Venezuela to Combat Hyperinflation

  • CS Team
  • May 9, 2020
  • 0

Cryptocurrencies, and especially Bitcoin, are being adopted on a very wide scale in Venezuela, as a mean to combat hyperinflation.

According to CoinTelegraph.com, starting June 1st, over 20,000 new shops and enterprises will start accepting crypto payments.

We remind you that Venezuela’s hyperinflation rate hit 10 million percent at some point last year, which makes cryptocurrencies the perfect solution to their struggling economy.

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  • EU Rejects Idea of Banning Bitcoin & Ethereum
  • Scarcity: Only 2.5 Million Bitcoin Left to Mine (Just 11.9% of the Total Supply)
  • Fund Management CEO Predicts $100k BTC
  • Highly Bullish: Top 10,000 Addresses Hold 94% of the Available ETH
  • 3 Reasons Why Ether (ETH) Looks Bullish

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