Report on Stablecoins [pdf]

Re:Report on Stablecoins [pdf] by lentil_soup on Monday November 01, 2021 @07:37PM (#29074861)

Venezuelan here. You're exaggerating the use of bitcoin in Venezuela. You might have paid some people with it but on the streets you use and want USD. Zelle, PayPal or USD in cash. No one wants another volatile currency, we've had enough of those.

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Re:Report on Stablecoins [pdf] by werdnapk on Monday November 01, 2021 @08:47PM (#29075445)

Is it true that parts of Venezuala are using flecks of gold as currency? Or is that just highly localized in usage and/or mostly in remote areas?

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Re:Report on Stablecoins [pdf] by lentil_soup on Tuesday November 02, 2021 @03:41AM (#29078208)

I have not heard of that to be honest. What does happen is you might settle change with random stuff. Say you buy groceries for $8.50. You might pay half with a transfer in bolivares (local currency) and the rest with a $5 bill. Then they'll give you back a chocolate and a bar of soap as change as they might not have enough. It's bizarre

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Re:Report on Stablecoins [pdf] by icelancer on Tuesday November 02, 2021 @03:39AM (#29078197)

I am, uh, paying two contractors in Venezuela in cryptocurrency (not BTC) by their request. Not sure how I'm exaggerating it. Unless you think I'm only paying one contractor, I guess.

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