RE: Digitization of the economy: The way Venezuela chose to end physical money

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I believe that the problem in Venezuela also has to do with trust in the government. They have been trying to control all devises for a certain time and the people have been suffering from hyperinflation. If the digital money is just there to replace the paper money then it won't be a solution either. It will be just much easier to buy stuff if they don't have to carry tons and tons of bolivares to buy stuff.

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It is true, friend, unfortunately the government is largely to blame for this, for leaving the country as it is.

That is why many people there use cryptocurrencies to survive because their fiat currency is practically worthless.

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