Is Worldwide adoption of Bitcoin imminent – Venezuela Government adopts Bitcoin and Litecoin
Venezuela has been struggling with price inflation of over 1,000,00%, hyperinflation of enormous magnitude. Government based Petro cryptocurrency was launched in 2018 which is linked to oil. Since the introduction, the government has been pushing for its citizens to adopt the Petro and now to further cryptocurrency adoption, Venezuela is offering the citizens a platform to make efficient Bitcoin and Litecoin payments in the country.
The new cryptocurrency remittance service platform called Patria, will allow people of Venezuela to receive Bitcoin and Litecoin payments from users globally.
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