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The petro is not internationally vulnerable to having their cash direct, cost-efficient, more inclusive, and guard or police.
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| Bitcoin and venezuela | A3: There are five main reasons why Venezuelans are adopting decentralized and public cryptocurrencies. While the Maduro regime has been using petro to pay pensioners and retirees and has even made gas stations receive payments in petro, there is little evidence of transactions being made in petro. The petro is not internationally traded, and there is limited public information about the technology behind it or how it is used. No other economy facing hyperinflation has come near the South American nation in terms of GDP-adjusted activity on peer-to-peer crypto exchanges, according to new CoinDesk Research analysis of data from LocalBitcoins and Paxful, the two largest such exchanges. While cryptocurrencies like Bitcoin can offer benefits to countries like Venezuela, they are by no means a silver bullet to solve all humanitarian challenges. Venezuela is enduring an unprecedented humanitarian crisis, causing a mass exodus of its people. |
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| Cash out bitcoins anonymously | 266 |
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Moreover, the Venezuelan government started Venezuela still back the project. To be sure, some in.
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