Home / Crypto News / cryptocurrency donation campaign to Venezuela “Airdrop Venezuela” launched in a serious economic crisis

cryptocurrency donation campaign to Venezuela “Airdrop Venezuela” launched in a serious economic crisis

“Airtm” providing digital wallet service has launched the cryptocurrency donation service “Airdrop Venezuela” to Venezuela.

The service is supposed to be able to donate to Venezuelan citizens who are currently in an economic crisis due to hyper inflation without going through the banks of the country.

The donation period is from 11/27 to 12/31, and the target amount is set at 1 million dollars (about 110 million yen).

Donations Participants can donate from 10 or more virtual currencies such as Bitcoin (BTC), Ethicalam (ETH), XRP (Ripple), DASH (Dash).

Airtm is supposed to bear the entire cost of this campaign, and the donation collected seems to be equally distributed to Venezuela’s airtm e-wallet users.

In a survey that was announced the other day, Venezuela’s monthly inflation rate in November is 144%, the International Monetary Fund (IMF) predicts that the inflation rate will reach 10 million per year in 2019 .

The Venezuelan government also announced the issue of the cryptocurrency “Petro” backed by the value of oil last December.

In addition, the Venezuelan government introduced the new currency “Bolivar Soberano” backed up by the cryptocurrency “Petro” in August of this year, but the domestic economy is still confused.

· ICO fraud? Relief? The outline and problems of Venezuela’s cryptocurrency “Petro”
· The Venezuelan Government will start distributing new legal tender currency backed by Petro from August

Article Source: Airdrop Venezuela, Nihon Keizai Shimbun

In a situation like Venezuela where national financial institutions can not be trusted, the cryptocurrency is exactly what it is.

Author: Yush [Coin Desk News] – Source Post: https://crypto-times.jp/airtm-airdropvenezuela-crypto/

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for informational purposes only. We are not an investment advisor and do not provide financial advice.

It’s also important to it properly to diligence and analysis, including consulting a professional financial advisor, No content on Coin News Desk makes up a recommendation to enter in any type of investment or to engage in any investment strategy present on this website.

About Coin News Desk Team