Venezuela continues to make headlines the wrong way through a series of bungled monetary moves, first and foremost its attempt to peg its fiat to Petro Coin.
High inflation in Venezuela has made the country’s currency nearly irrelevant. Venezuelan people are increasingly turning to crypto. CoinCola and Dash partnership will likely boost the Venezuela crypto market.
Venezuela is up to its eyelids in inflation. Can a pivot to cryptocurrency ease their fiscal woes? Experts are skeptical.