Bitcoin remains one of the most popular commodities in all of Venezuela. The country is plagued by hyperinflatijon, and consumers have very restricted access to financial assets. Bitcoin provides an excellent opportunity to hedge against further inflation of the Bolivar, as well as invest in the future.
The month of July has been a particularly good one for Venezuela. The number of transactions per week continues to increase every week, even though the primary local exchange ran into some problems. Now that everything has been resolved, the interest in cryptocurrency is surging in Venezuela once again.