Digital currencies are successfully meeting two very different demands in Venezuela and Africa. Dash is accepted by more than 1,000 merchants in the Latin American country, where the economy has been crippled by hyperinflation and the bolivar was devalued by up to 15% in August. In contrast, in Africa, cryptocurrencies are slashing the high transaction fees and long remittance times linked to fiat cross-border payments.
Digital currencies are successfully meeting two very different demands in Venezuela and Africa. Dash is accepted by more than 1,000 merchants in the Latin American country, where the economy has been crippled by hyperinflation and the bolivar was devalued by 95% in August. In contrast, in Africa, cryptocurrencies are slashing the high transaction fees and long remittance times linked to fiat cross-border payments.