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Venezuela to calculate social benefits in state-backed crypto – President Maduro

Retrieved on: 2021-05-02 12:21:42

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Venezuela to calculate social benefits in state-backed crypto – President Maduro. View article details on HISWAI: https://www.rt.com/business/522727-maduro-crypto-social-benefits/

Excerpt

Unlike bitcoin and other decentralized crypto assets that are not pegged to fiat ... when inflation in Venezuela hit over 130,000%, according to central bank figures, and all amid the rapid depreciation of the local currency, the bolivar.

Article found on: www.rt.com

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