Last week, in Venezuela, was again a sharp surge in trading activity in the digital currency market amid new economic shocks. Such information was obtained from the state report of October 6.
According to statistics from Localbitcoins, founded in 2012 in Helsinki by the P2P service for Bitcoin exchange, Venezuelans transferred about $ 7.1 million to BTC tokens in the first week of October. Thus, in seven days, citizens of the country bought more than 1000 Bitcoins.
It is worth noting that the previous record was set in September of this year. Last month, Venezuelan residents won 898 BTC tokens ($ 5.95 million) in the third week of September and 879 Bitcoins ($ 5.82 million) in the last week of the last month.
From this we can conclude that the country continues to actively move monetary resources into the cryptocurrency space in an attempt to escape from the stifling economic reforms by the government and uncontrolled hyperinflation, which persists in Venezuela, despite the launch of two new currencies in August of this year.
Meanwhile, it became known earlier that Petro’s digital currency, which is a rather controversial state-run cryptocurrency, launched in February of this year, expects re-branding and restarting in November. On this October 2, said President Nicolas Maduro.
Also, the vice-president Delsy Rodriguez recently announced that all new applications for a passport, as well as other operations associated with it, will be paid only with the help of Petro virtual coins. Thus, a new passport for a Venezuelan citizen will cost him 2 Petro digital coins, which is about 7,200 sovereign Bolivars or $ 115. Such a passport fee is almost four times the minimum wage officially set by the government of the country, as noted by Bloomberg.
