Venezuelan Migrants Are Using Bitcoin for Remittances, But There's a Catch

From coindesk.com

In 2018, Deimer González packed his college diploma, clothes and a mobile wallet with 1.5 BTC in savings and left Venezuela. What unfolded throughout 2019 offers a microcosm for Venezuelan bitcoin users around the world. As a mechanical engineer from Caracas, formerly employed by Venezuela’s state-owned oil and natural gas company (PDVSA), González told CoinDesk that those very same savings allowed him to support his parents as he started to build a new life in Buenos Aires, Argentina. “I was always able to send money back thanks to my savings, sparing my wages in pesos,” he said. With an estimated $3.7 ... (full story)