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Crypto Payments Reshape Humanitarian Relief In Venezuela

Crypto Payments Reshape Humanitarian Relief In Venezuela


11h20 â–ª
7
min read â–ª by
Luc Jose A.

Summarize this article with:

Major crises are often powerful revelations of the public utility of financial innovations, propelling cryptos far beyond their speculative dimension. This is exactly the scenario currently unfolding on the South American continent where, following the devastating earthquakes that struck Venezuela, the global ecosystem of these assets has mobilized at a lightning speed. In a context where traditional banking channels prove ineffective or heavily blocked, the speed, lack of borders and disintermediation offered by blockchain…

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