Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods

by Aurelia Butler 9 December 2021, 23:20 99 Views

Reserve is a tool to exchange fiat currency like Venezuelan bolivares for U.S. dollars via the Reserve (RSV) stablecoin. From everyday purchases to family remittances, Reserve has said that its use cases are increasingly growing in Latin America. After one year on the market in Venezuela, Colombia, Panama and Argentina, there are over 100,000 weekly app visitors and more than 8,000 merchants accepting it as a means of payment.

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Source: Cryptocurrency - investing.com

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Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods

Former 'Empire' actor Jussie Smollett found guilty on five counts of faking hate crime, lying to Chicago police

Investors brace for the highest inflation reading in nearly 40 years

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