Meanwhile, no doubt some are using crypto to supplement their incomes/savings as well.
Meanwhile, no doubt some are using crypto to supplement their incomes/savings as well.
No,“can” and “are legally allowed to” don't, technically, mean the same thing.
Furthermore how does that allow you to pay for food, water, utilities, or even fuel for your car?
Shipping Fedex/DHL in Venezuela isn't nearly as reliable as shipping in the United States. Nor is it cheap.
Energy and gas are super cheap in Venezuela (38 cents a gallon). I'm not sure where you're going with your argument there.
You can hold crypto as a hedge against the Bolivares, convert to fiat as needed, just like any other fungible asset.
The other part is that we Venezuelans never walk anywhere. Going somewhere without a car feels dangerous. Oh and in big cities, if the car is armored the better. Plenty of shops now to convert your SUVs.