27 Dec '16, 9am

Google Searches for Bitcoin up Over 400% in Venezuela Over the Past Week

Google Searches for Bitcoin up Over 400% in Venezuela Over the Past Week

The economy of Venezuela has been shred apart by a financial crisis resulted from the local government’s decision to demonetize the nation’s largest denomination banknote. However, after a plane carrying the newly printed banknotes failed to arrive, Venezuelan authorities officially declared the previously scrapped 100bs banknotes a legal tender once again. People have struggled to obtain cash to finance their daily living and according to AP correspondent Hannah Dreier , no one in the country had access to cash for almost two straight days. Consequently, the lack of cash led to the starvation of the general population. Over the Christmas holidays, people died whilst failing to acquire food, medicine and other basic necessities. Hundreds of people have been arrested and some were killed amid fierce protests against the government’s impractical and inconsiderate demonetizat...

Full article: https://news.bitcoin.com/google-searches-for-bitcoin-up-o...

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