Inflation/Deflation Venezuela

 

Venezuela's Crypto Adoption Surges Amid Inflation Surge And Currency Collapse Authored by Amin Haqshanas via CoinTelegraph.com, Cryptocurrencies are becoming a core part of the economy in Venezuela as citizens turn to digital assets to shield themselves from a collapsing currency and tighter government controls. From small family stores to large retail chains, shops across the country now accept crypto through platforms such as Binance and Airtm. Some businesses even use stablecoins to pay employees, while universities have begun offering courses dedicated to digital assets. “There's lots of places accepting it now,” shopper Victor Sousa, who paid for phone accessories with USDt, told the Financial Times. “The plan is to one day have my savings in crypto.” Venezuela ranked 13th globally for crypto adoption, according to the Chainalysis 2024 Crypto Adoption Index report, which noted a 110% increase in usage in the year. Venezuela ranked 13th globally for crypto adoption. Source: Ch...

Unwelcome reminders from the worst days of Venezuela's economic crisis in 2019 are starting to crop up once again: rolling blackouts, triple-digit inflation and a foreign currency crunch....

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Venezuela inflation accelerated to 4% in October -central bank CARACAS, Nov 29 (Reuters) - Venezuela's inflation accelerated to 4% in October versus September, when consumer prices rose by 0.8%, according to the country's central bank. The country's 12-month inflation through the end of October hit around 23.5%, according to Reuters calculations based on figures from Venezuela's central bank....