Venezuela: Citizens Huddle to Dash Cryptocurrency

Venezuela: Citizens Huddle to Dash Cryptocurrency

Chaos in Venezuela has erupted since early this week after its President announced a new fiscal policy. This new policy together with hyperinflation, where we saw a roll of toilet paper cost 2.6 million bolivars, has triggered panic throughout the country. People are now going to different cryptocurrencies in an attempt to weather the storm.

One of the cryptocurrency people are drawn to is Dash. The wallet has been downloaded exponentially within the country. Dash has been around since 2014 and is currently the 14th largest coin in CoinMarketCap’s listing, with a market cap of $1 billion. Dash helps Venezuelans keep the value of their money. Transacting using their wallet entails no lag, transaction fees are cheaper, and the Dash Core Group benefits the community through financing 'projects on the ground'.

Dash

DASH
Price
93.09 USD 1.09%
0.02306000 BTC 1.53%
Volume, 24h
104,698,404 USD
2.15%
Marketcap
810,350,928 USD
0.58%
Emission
46%

Related news

Singapore’s Blockchain Accelerator Tribe Partners With BMW Group Asia, Intel and Nielsen

Tribe- a blockchain accelerator backed by the Government of Singapore is now in partnership with BMW Group Asia, Intel, and Nielsen. According to Tribe Accelerator, the aim of the partnership with the three conglomerates is to share more knowledge and variable skills in the different field-set on Tribe to create an “inclusive” ecosystem for industry […]
Bitcoin Exchange Guide

The Fatal Blockchain Blow for VectorDash? Google Stadia and a Shaky Business Model

VectorDash, one of the new blockchain based startups, has been working to carve out its own place within the industry by serving as one of the new products that emphasize the use of cloud-based gaming, as well as offering its own Gaming as a Service product (GaaS). While it's working to make a name for […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.