The monetary system of Venezuela continues its decline down. It is expected that at the end of the current year inflation in the country will be 1000000 percent that pushes citizens to alternative solutions for payments and savings capital.
President Nicolas Maduro introduced the world to the secured cryptocurrency Petro state that in the opinion of the government must ease the crisis. However, the citizens of the country chose for itself a different Aldon as a replacement of the national currency.
This scriptaction was the Dash. In an interview with Business Insider CEO Ryan Taylor (Ryan Taylor) said that the monthly watching tens of thousands of downloads of Dash from Venezuela.
“Earlier this year, Venezuela took the second place among the countries-markets, beating on this indicator, even China and Russia, which occupy a considerable market share now.”
An additional factor was that the company Dash, which occupies the 14th position in the top of the leading cryptocurrency, is actively working on introduction of payment instruments in the retail trade and the service sector, which allows you to pay with the cryptocurrency user friendly way. The number of connected retail outlets in the country has increased from 400 in July to 800 in August.
Among the sellers connected payment system Dash, well-known brands: Calvin Klein and Subway. Taylor believes that soon more attention to the cryptocurrency Dash will be given to other countries suffering from problems with inflation and the local currency, such as Turkey, Ukraine and Argentina.
“This is a country with a very high rate of inflation (20-30%). We believe that these 20-30% is enough to make people try something new”.
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