The Venezuelan government’s ideology of centralized control of the economy has led to its collapse into hyperinflation. Now Nicolas Maduro’s regime is bringing that philosophy to the decentralized world of Bitcoin mining.
According to Square Crypto, “there is growing concern that ‘patent lockup’ could stifle innovation and adoption from bitcoin to the most obscure cryptocurrency.”
USDT support is meant to allow users to protect their funds from the volatility typical of nearly all crypto assets.
Just Eat, one of the world’s biggest online food delivery platforms, has begun supporting BTC in the country thanks to a partnership with the crypto payment processor BitPay. This means that Bitcoin can now be used to order dishes at 15,000 restaurants across the country—and it could create a newfound hunger for crypto in the country of 67 million.
