'Crypto for Venezuela!' improving life in nation ravaged by hyperinflation

04 Dec, 2018
by David Borman
'Crypto for Venezuela!' improving life in nation ravaged by hyperinflation

The Daily Hodl is reporting that a charity called "Crypto for Venezuela!" has already received hundreds in donations of BTC and used the money to purchase school supplies and clothing for children. This is just one of the ambitious projects the team is undertaking to grow infrastructure using crypto, amidst the historic runaway inflation the nation is seeing.

All supplies were purchased through a Venezuelan department store called Traki, which recently began accepting crypto.

The team isn't just using Bitcoin to help school children either, as the charity recently posted about some encouraging projects being completed with Ether:

With so much support behind this movement we can only hope to see it keep growing. Empowering the members of a society where inflation has taken away the national currency's value is one of the boggest use cases for crypto. It is true the government has released the Petro to mixed reception, but it looks like many citizens would prefer Bitcoin and Ether! As always, stick with Chepicap for all updates!

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