Or they could just use the dollar, or even the currency from one of their close neighbours that hasn't gone belly up.
Transaction fees for bitcoin rose to what, 50-ish USD during the December madness? (when the network was saturated).
Just imagine the network congestion if all of Venezuella's business start using bitcoin to settle their transactions, even if they're batched into large amounts. No way 7 tx/s is enough.
Transaction fees for bitcoin rose to what, 50-ish USD during the December madness? (when the network was saturated).
Just imagine the network congestion if all of Venezuella's business start using bitcoin to settle their transactions, even if they're batched into large amounts. No way 7 tx/s is enough.