#Analysis: Cryptocurrencies as an Alternative to Safeguard Against the Economic Situation in Venezuela
Aníbal Garrido, director of the Blockchain, Trading & Crypto Academy at Andrés Bello Catholic University (UCAB), highlighted that cryptocurrencies have served as “an alternative means” to pay suppliers, debts, or send money abroad.
The director of the Blockchain, Trading & Crypto Academy at Andrés Bello Catholic University (UCAB), Aníbal Garrido, expressed that due to the permanent situation in which Venezuela lives, it is necessary to “seek alternatives that allow us to easily protect ourselves from the scourge of inflation,” which keeps the banner of cryptocurrencies present and relevant today.
In this sense, he stated that in the particular case of Venezuela, “there is a widespread use of these stable coins USDT and USDC. There are several where the parity with the dollar is exactly the same in these cryptocurrencies.”
He stated that cryptocurrencies have become a tool “of great reliability, of great security, and above all, of speed in the face of such radical exchange rate changes as those in Venezuela.”
Garrido noted that cryptocurrencies have served as “an alternative means” for merchants and entrepreneurs to pay suppliers, pay a debt, or send money abroad.
However, he pointed out on Unión Radio that cryptocurrencies are not an easy investment vehicle.
https://www.bancaynegocios.com/analisis-los-criptoactivos-como-alternativa-para-resguardarse-de-la-coyuntura-economica-en-venezuela/
