Growth of 20 percent: why the people of Venezuela poured their savings into the Dash?

The growth Dash was not spared the attention of cryptocommunist. It turns out that a crucial role in the rise of bitcoin has played Venezuela. The inhabitants of the country massively drained all their savings in the Dash, that though as-that to protect your money from hyperinflation. This writes the CCN.

Hyperinflation, Petro and Dash

We will remind, recently the President of Venezuela, Nicolas Maduro announced the creation of a new national currency called the Bolivar sovereign. Denominated Fiat will now be backed by a national cryptocurrency El Petro, which depends on oil production in the country.

At this point, the level of inflation in Venezuela has jumped up a million percent and rising. Citizens do not have to wait for the approval of the sovereign of Bolivar and had begun to purchase cryptocurrency. However, instead of Bitcoin and Ethereum, they chose the Dash. On the growing popularity of the coins reported CEO Dash Ryan Taylor.

The number of downloads of our wallets in the country has exceeded tens of thousands. Earlier this year, Venezuela has become our second market, surpassing China and Russia.

Another good news for the Dash was the announcement of a partnership between a team of cryptocurrency and the company Kripto Mobile, which will manufacture smartphones that comes with a Dash and the application Bitrefill.

How the situation will develop? Share your assumptions in cryptodata.

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