Crypto use in Venezuela is through the roof as the Venezuelan Bolivar slides further and further into the realms of hyperinflation. Unfortunately for the people, that means you need a wheelbarrow of cash to buy a loaf of bread. To try and gain some sense of stability and normality, the citizens of Venezuela have been turning to crypto – DASH more specifically.
In the past week, the trade volume for DASH has been through the roof, catapulting it to the 4th most traded asset, ahead of Bitcoin Cash and Litecoin. In fact, on eToro, DASH trades accounted for 12.6% of all crypto trades.
DASHing Through the World
Since Maduro went all crazy and destroyed the Venezuelan economy, DASH has been becoming increasingly popular in the country. In fact, it’s so popular that Venezuela became DASH’s second largest market in the world. This is a huge landmark for DASH and it’s given the once struggling crypto a new lease of life. Thanks to its super speedy transaction time and low fees, DASH stands out as a prime crypto for struggling economies such as Venezuela.
Burger King Getting on the DASH Train
With more and more people turning to DASH in Venezuela, an increasing number of stores and restaurants have decided to accept the crypto. Burger King Venezuela is trialing accepting DASH in 30 of its outlets around the country. This is a huge step and the mega fast food franchise could consider accepting cryptos in more stores around the world. This unsurprising country appears to be leading the crypto revolution and driving mass adoption one food outlet at a time.
As DASH rises to the top of the crypto trading world, more and more people are starting to use it as money. As DASH becomes more adopted around the world, we could see its value increase and the volatility drop off, making it even more useful to hungry Venezuelans trying to survive .