45 BTC were traded last week in Venezuela using (only) LocalBitcoin : Bitcoin

Hello, guys I submit this on the cryptocurrency subreddit however I seen some individuals right here do not learn it and that is almos 100% Bitcoin targeted. I am Venezuelan and sure, I dwell right here.

I simply put just one knowledge level within the title as a result of some individuals actually hate that I put a number of knowledge factors there (I assume it is best to make individuals comfortable generally)

Final week 48BTC had been traded, so we care near 200BTC month-to-month. Additionally, month-to-month minimal wage retains happening, now below 23 USD.

One BTC trades round 125,000 Bs. (Bolivares, nationwide foreign money)

LocalBitcoin just isn’t essentially the most used or common, however it works as a gauge as a result of it has an public stats up to date weekly. I feel the present king is Binance, after that comes AirTM, Reserve and others.

Individuals use crypto to eliminate Bolivares and escape inflation, additionally to obtain cash from overseas, alternate their mining revenue (mining right here in principle is authorized, however not secure anyway, electrical energy is free however unreliable, yesterday I simply had a a number of hours blackout).

Final month inflation was 14%. Excessive however higher than that we had years in the past.

Why no tens of millions? The place are the zeroes? By regulation authorities eliminated six zeroes so 1,000,000 “previous” Bs. is now 1 “new” Bs.

Sure, MONTHLY minimal wage is 23 USD, plus you get 45 Bs of meals bonus in money (that might be round 8 USD extra) and in principle it is best to get a bag of meals month-to-month value round of 20 USD (rice, beans, oil, tuna, sugar, flour and so forth). So if you have no further earnings (different work, somebody serving to you and so forth) you must “survive” with that.

Common wage is round 100 USD month-to-month, a extremely good wage is 500 USD month-to-month (My dream hehehe).

Some sources,