Friday, July 1

What was the highlight of the crypto ecosystem of Venezuela in the year 2021? By CoinTelegraph

© Reuters. What was the highlight of the crypto ecosystem of Venezuela in the year 2021?

2021 has been for Venezuela a year of noticeable and considerable changes at the microeconomic level where, even much more than in 2020, the results of a powerful catalyst for change such as COVID-19 were clearly seen.

In a more dynamic economy, with a greater volume of operations with foreign currencies and leverage in technology, cryptocurrencies played a very relevant role during this year for the South American country, that is why we have prepared a review where we describe what was the most featured in the crypto ecosystem of Venezuela in 2021 focusing on different related areas such as commerce, play to earn games, fintech, mining, regulation, and NFTs.

More people and businesses accepting cryptocurrencies According to the Chainalysis firm, in the report published in the third quarter of this year, Venezuela ranks seventh in the Global Cryptocurrency Adoption Index 2021, and it is generated in large part – they point out – due to P2P activity.

Read the full article on Cointelegraph

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