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Crypto Becomes Financial Lifeline in Venezuela’s Economic Turmoil
Amid Venezuela’s economic collapse and hyperinflation, citizens increasingly use cryptocurrencies for savings, transactions and remittances as fiat currency loses value.
Venezuela’s deep economic crisis and hyperinflation have pushed many citizens to turn to cryptocurrencies like Bitcoin and stablecoins as alternatives to the collapsing bolívar, helping preserve savings and enable everyday transactions. Digital assets are increasingly used for remittances, peer to peer trading and even payment for goods and services as traditional banking falters.