peer-to-peer currency: Unlike other online payments, the peer-to-peer currency does not require any third party to buy, sell or send, according to The Guardian. Venezuelans only need a phone, computer or on an online wallet service to store bitcoins which they can exchange at the black-market dollar exchange rate almost five times the official exchange rate. Venezuelans rush to ditch 100-bolivar bills after president sudden ban Read more Although Bitcoin users still represent a tiny minority, some believe that the currency will become more popular in Venezuela as economic uncertainty escalates. There are no official statistics on the number of bitcoin users in the country, but according to the brokerage website Surbitcoin a platform allowing Venezuelans to buy and sell bitcoins in exchange for bolivars the number of users has increased from 450 in August 2014 to more than 85,000 in November 2016. More and more people from different industries are getting on board, said Jorge Farias, the CEO of another exchange platform, cryptobuyer.io. Bitcoin is mainstream neither in Venezuela nor in the world but there is a growing interest in the technology.
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