Inflation and currency collapse have led to a surge in cryptocurrency adoption in Venezuela.

Golden Finance reports that as Venezuelan citizens turn to digital assets to withstand the impacts of currency collapse and tightening government controls, Crypto Assets are becoming a core component of its economy. According to Chainalysis's 2024 Crypto Assets Adoption Index report, Venezuela ranks 13th in the world for Crypto Assets adoption, and the report notes that the usage rate of Crypto Assets in Venezuela has risen by 110% within a year.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)