Venezuelans Use Bitcoin as Gateway to Buy Foreign Fiat - Research

Bitcoin (BTC) continues to boom in Venezuela - but only because it is helping citizens buy hard-to-purchase foreign fiats, says an industry observer. As previously reported, trading volumes on peer-to-peer (P2P) platform LocalBitcoins have spiked again in recent weeks. In a report from the Open Money Initiative, author Matt Ahlborg wrote, "For a long time, the bitcoin