Encouraging Crypto Mass Adoption in Venezuela: A Way Around Maduro’s Financial Fire Wall
6 min readJan 27, 2020
Learning how to manage cryptoassets could give a way for Venezuela’s opposition to use a dictatorship-resistant financial system, receive donations from Diaspora abroad, channel money quickly to pro-democracy activists, and not be hurt from the illegitimate Maduro regime’s bank account freezes. Just as importantly, cryptoasset use could give suffering Venezuelans a low-cost way to receive remittances so they don’t pay 5–30% in commissions.