Brian Armstrong talks about issues with sending crypto to Venezuela

30 Mar, 2019
by David Borman
News
Brian Armstrong talks about issues with sending crypto to Venezuela

It has been reported by The Daily Hodl that Coinbase CEO Brian Armstrong has taken to twitter to explain how the company is experimenting with sending crypto to Venezuela to aid in the current financial crisis hitting the country. There have been issues now that the nation is seeing rolling blackouts.

Despite the best efforts, there have been issues getting crypto into the hands of those who need it most. For one, the nation is experiencing blackouts. Without electricity, there is no easy way to access cryptocurrency.

In addition to this, many Venezuelans are using versions of Android that are rather outdated, which meant the team at Coinbase had to retrofit their wallet software.

Ultimately, Armstrong admits it is still very much an experiment and more data is needed.

Will Coinbase be able to help the issues growing in Venezuela? Stick with Chepicap for all updates!

Bitcoin PRICE movement IMMINENT! What's next? Subscribe to the Chepicap YouTube Channel for more videos!

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

 

Read more: How to tip and receive Bitcoin via the Lightning Network with Tippin.me

Poll

Will crypto be able to provide some relief to Venezuela?

(6 votes)

Add a comment

Coinbase must help to effort its own crisis and help Venezuela then.
31 Mar, 2019 - 20:40
coinbase tries to launder money by helping people from Venezuela
31 Mar, 2019 - 21:32
both coinbase and brian are two big scams
31 Mar, 2019 - 21:41
coinbase wants to take global aims on itself but this company is breaking now!
31 Mar, 2019 - 21:52
coinbase can't help to themselves so why have they decided that they can help to someone else?
31 Mar, 2019 - 22:54
coinbase and Venezuela? )really?) seems like Brian wants to share coinbase scam virus all over the world
31 Mar, 2019 - 23:09
well sending cryptos to the venezuela is as risky as opening account at fraudulent coinbase
01 Apr, 2019 - 16:16
coinbase always provides some strange news instead of fixing real problems
01 Apr, 2019 - 22:38
Brian Armstrong tells too much but doesn’t do anything
01 Apr, 2019 - 22:48
as ceo of coinbase brian talks too much but no results. only some idiotic topics
02 Apr, 2019 - 20:52
everywhere issues with Coinbase lol
05 Apr, 2019 - 17:56

Check out the latest news

You will be logged out and redirected to the homepage