Life in Venezuela is anything but.
Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December. At that rate, it’d be a waste of time counting your cash.
Venezuelans are seeking refuge in cryptocurrencies by making payments in Bitcoin (BTC), Dash (DASH) and other coins, and by converting whatever purchasing power their bolivars have left into tokenized assets. It’s a desperate situation: Grocery shelves are empty resulting in painful stomachs and those bolivars won’t buy anything at the fuel pump.
