Actually talking about the economic situation in Venezuela is very hard, because I live in a country where we have been trying for more than 21 years trying to overcome the mismanagement of its governors, coupled with the large number of failures in water, electricity, telephony, internet, and even the food supply, this causes the value of our FIAT to be tremendously devalued, which undoubtedly causes us to have less purchasing power to be able to negotiate with cryptos, LEN, HIVE, and any other cryptocurrency.

If the current situation of the pandemic is added to that, we have the perfect recipe for a financial destruction of a country that was famous for having the most important oil resources in the world.

And the crisis has no hope of getting better, which discourages people much more.

It is quite difficult to acquire LEN or any crypto when what you earn in 1 day is worth $5 and 2 hours later the same amount becomes worth $2.

Hyperinflation devours us, it is really difficult and painful for me to have to share this, but it is like that, and I believe that all Venezuelans who read this comment will agree and will be able to say many more things in relation to this.

How did your country master the pandemic and how much have the local businesses suffered

The country has kept the quarantine measures within what was suggested, but businesses have had incredible losses, most have closed their doors and have had to dedicate themselves to the informal economy and to work through the internet, changing their business models.

Do you feel that people are much poorer than before covid spread?

Yes, people in general now only invest in food and not in other things as before, that they went to the movies, bought clothes, etc. Now the survival step to take the most important role.

Are people hopeful for the future?

I really have hopes that the world of cryptos will take Venezuela and the world forward, I think it is the best solution that can be adopted and what will lead the country to be a power in the field, in fact we are currently listed as one of the main countries where the largest amount of cryptocurrencies is exchanged and circulated.
I also want to say that all this is due to the mismanagement of politicians and those in charge in power, since they have taken all the resources, they have taken possession of them, and they do not return them to the people, as it should be in the past. Developed economies.

However, we keep fighting and sticking out our chests to get ahead.

Thank you very much for this initiative and allowing us to give ourselves a voice to express these things, which in my opinion are very important, not only for the benefit of the contest itself, but because this will really help you create better incentives for all those who we are clients of liotes, in addition to knowing the financial situation in other parts of the world.

Cheers my friends!