The use of cryptocurrencies in Venezuela is a lifesaver for many people in the country. Throughout history, people in certain places have gone through what economists like to call “discovering the benefits of backwardness”. They take techniques that have worked well in the more advanced parts of the world and apply them in less developed regions. The changes they introduce make these techniques work so well that a region that was once the periphery has become a center in its own right. Fintech and especially the use of cryptocurrencies in Venezuela are......

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