Bolívares, dollars or cryptocurrencies: what options do Venezuelans have to safeguard their savings?

In light of the depreciation of the bolívar, El Diario consulted digital finance experts to analyze the risks and advantages of fintech solutions, in a context where Venezuelans combine dollars, USDT, and the local currency as income protection strategies.

Facing the depreciation of the bolívar in Venezuela is a constant challenge that demands quick decisions. To protect their income, many citizens choose to buy cash dollars, through banks when available, or keep funds in digital financial platforms (fintech) such as Zelle, Binance, or PayPal$USDC