Venezuelans Get Easier Crypto Access With Dash Text
Cryptovest
Published Sep 20, 2018 02:24PM ET
Updated Sep 20, 2018 03:40PM ET
Venezuelans Get Easier Crypto Access With Dash Text
Recent hyperinflation of the Venezuelan bolivar has led to a massive demand for services that allow people to move their capital into other, more stable assets. Knowing this, the government of Venezuela has been keen on cracking down on fiat currency exchanges that operate in the black market.
Venezuelans who would prefer non-fiat currencies can always go to Localbitcoins.com, where the trading volume is growing immensely . Alternatively, those living and working outside the country’s borders can send remittances using Dash to their loved ones via SMS using Dash Text, a startup that just recently started allowing this service to be used in Venezuela’s Movistar telephone service.
“At Dash we understand that cross-border transactions are expensive and take long, and in Latin America, there is a clear possibility to help millions of people that need to send money home in any one of...
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