greetings to all the community in this opportunity I will speak to you about the future of the coins in Venezuela I hope you like it
Is awareness and usage of cryptocurrencies growing in your country?
In my country Venezuela, after 2015, when the economic crisis broke out, the common citizen looked for the way to protect his money from the bad economic policies of the Venezuelan state, in that order of ideas we understood that the currencies were a great solution to our problems of state control, that is why we adopted the currencies as money in a super accelerated way, at the time of writing this article, in my country the currencies enjoy more value and confidence than the current legal currency, the "sovereign Bolivar" .
What is the attitude of government to cryptocurrencies in your country?
When the coin culture started in the country the first thing the state did was to avoid by penalizing the use of cryptocoins by the citizens but as they as a state were penalized by the government of the United States to prevent them from using the world financial system the state created legislation so that the citizens could freely use the coins in the country, that helps the state so that the citizen can maintain trade, receive remittances and import from the US and thus alleviate the economic tensions in short legalize the use of the coins to avoid a social explosion.
Are laws and regulations being introduced to help or hinder the growth of cryptocurrencies?
At first, yes, but then with the exponential increase of currencies in the country and the benefits derived from the economic activity for the State, a new direction is taken and legislation is created that promotes their use by the citizen within the whole country.
Do you have a positive or negative outlook for the future of cryptocurrencies?
The future is bright for Venezuelans who are only waiting for the trade to be activated to use the coins as a means of payment we will leverage the global trade from Venezuela with the coins, we are a few steps away from that so the future of the coins in Venezuela shines like the midday sun .
How do you think cryptocurrencies can benefit society in future?
More than the coins, it is the technology behind them that can provide a real opportunity to get out of poverty for millions not to mention that through the use of the blockchain carrying out business finances is very easy and transparent so if for some reason a state implements this technology there would be no more corruption.
How do you think cryptocurrencies can reach mass adoption?
Just as fiat money became what it is today by leveraging currency in the production of a good or a service and then reaching millions with global trade.
Do you think the global economy will change if cryptocurrency usage becomes commonplace in all countries?
I am completely sure that coins are a form of money and this will find its place in the world in due course, when a trade is created behind it and for many countries this new financial technology is a blessing that will take them from where they are to the first world.
Which cryptocurrencies do you think will emerge as the most widely used in the future?
For some reason I believe that LTC will be one of the most used along with monero and etherium with their intelligent contracts that give life to the whole DEFI ecosystem.
