Updated: Jul 31, 2020
It is no secret to anyone that Venezuela is currently going through one of the worst economic, political and social crises in history. Where purchasing power is getting lower, and the necessary goods and services are not provided to satisfy the basic needs of Venezuelans. Since, for the year 2019, Venezuela registered an accumulated inflation of 7,374.4%. And this inflation has been increased throughout the 2020 term of the illegitimate president Nicolás Maduro Moros.
Although the government has implemented mechanisms to evade sanctions by the international community on national territory, all have failed and have helped to increase the devaluation of the Bolivar Soberano.
One of his recent projects, which promised the "reactivation of the economy in Venezuela", is the Petro (PTR). The first cryptocurrency issued by a state and backed by its natural resources.
Its main purpose, as mentioned before, was to reactivate the country's economy, which has not been successfully carried out due to royalties from the regime and, furthermore, experts in the field have agreed that this is a project that will go nowhere. Up to now, multiple complaints have been received from users in the social networks, since it is difficult to exchange this cryptocurrency for others, in large international exchange houses (yet there is still no sustainable viability to exchange PTR for sovereign bolivars).
More details of this news here➡️ https://es.beincrypto.com/petro-preocupaciones-sobre-exchanges-venezolanas-oficiales/
On the other hand, Venezuelans have sought to emerge in the midst of the crisis facing the country. It is for this reason that currently, the second largest community in our Banano cryptocurrency is Venezuelan. Banano has been a great help in these times because Banano is a currency designed to be an instant, feeless, and rich in potassium cryptocurrency, powered by DAG technology, coming to disrupt the meme economy. Banano’s distribution occurs through games, aidrops, faucets, tipbots, among others. It is extremely easy to use and its receptivity is almost immediate because it is within the reach of anyone.
Why is it a good time to get Banano in the midst of a crisis?
Well, while the sustainability of the Venezuelan economy is getting worse and worse, there is always an opportunity to emerge in the middle of nowhere. And while we know that the use of the bolivar cannot be totally replaced, without a doubt, cryptocurrency is another way out for your economy.
Here are some aspects that could be useful when thinking about obtaining cryptocurrencies in the short, medium and long term: In the case of Banano,
✓ No transaction fees,
✓ Very fast transactions
✓ Security. Banano has one of the best wallets to move your coins and keep them safe: BananoVault (desktop) and Kalium (mobile)
✓ Not easily devalued,
✓ You are in full control of your money,
✓ Global adoption is increasing, which means that in the (not so distant future, you will be able to make your purchases with cryptocurrencies.
It is also important to highlight the fact that Banano is a memecoin, so, for most Venezuelans, it is fun creating memes, competing, or simply chatting, as it is great help to distract and disconnect from the reality that the country is going through.
Although this does not apply only to Venezuelans, since, in our Discord community (which is where the largest flow of people is concentrated), there are many members who belong to countries throughout the world, and they spend time sharing in different channels. The community is another relevant aspect... The community is so big, so friendly, and so spread out, that you can meet people from around the world, and they will welcome you back!
If you want to learn more about Banano, you can visit https://banano.cc/
Cryptocurrency presents a great opportunity to improve your financial independence, and now is the time to start. Whatever you are looking for, whether it be to invest, save, or just to have fun in a great community, Banano is the cryptocurrency you’re looking for. Good luck!