CD52: venezuela, latin america, and bitcoin with @elsultanbitcoin and @cryptonomista
Citadel Dispatch
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Bitcoinization: A Shift from Dollarization?
The chapter explores the possibility of Bitcoin becoming a primary currency in countries as an alternative to the US dollar. It discusses the risks of dollarization and highlights the benefits of Bitcoin in economies with limited access to the global banking system. The chapter also explores the role of stablecoins, such as Tether, in facilitating dollar transactions in South America.
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