Dash Sees Surging Adoption Rates in Hyperinflation Stricken Venezuela
The cryptocurrency Dash is becoming more widely used and accepted in Venezuela. The nation’s economy has long suffered under socialist guidance, and hyperinflation is forcing citizens to look for alternatives.Two Hundred New Merchants a Month Using DashThe South American country of Venezuela is seeing surging rates of both merchant and consumer adoption of the cryptocurrency Dash. The latest round of government measures aimed at stabilising the economy have seen the nation’s traditional currency devalued by 95%. Such conditions are driving interest in cryptocurrencies once again.Thanks to a marketing effort led by the Dash Core Group, it appears that the digital currency Dash is leading the way in terms of merchant and consumer adoption. The CEO of the group, Ryan Taylor, spoke to Business Insider about the developments there:“We are seeing tens of thousands of wallet downloads from the country each month… Earlier this year, Venezuela became our number two
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