VENEZUELA SETS BITCOIN TRADING RECORD WITH NEW HYPERINFLATED BANKNOTES

Venezuela’s central bank claimed the move was in order to “make the payment system more efficient and facilitate commercial transactions,” yet there was little sign of appreciation from consumers, who appeared to take the new notes as government surrender to hyperinflation.

Interesting article about the continuing saga in Venezuela. It's so sad how the government there has no idea, or no will, how to manage a currency. The people are the ones that have to suffer from the governments stupidity, lives are changing forever, its heart breaking to watch. If anywhere should be going crypto it's Venezuela. I'm no t a huge fan of the new Facebook coin, but it'd be better than what they have now, hopefully those people could at least get into that, it might be an easy way to get out of the Bolivar.....

Read the full story here....
https://bitcoinist.com/venezuela-sets-bitcoin-trading-record-new-hyperinflated-banknotes/