In Venezuela there is an economic and social crisis that is affecting the health and nutrition of the country with a shortage of medical supplies and basic foodstuffs that provide a high cost of these products. Bitcoin Cash has become very popular in Venezuela because many people who have relatives in foreign countries send money through it due to the ease of use and low cost of commission.
Currently there are many people who buy Bitcoin Cash with Bolivares (our Fiat currency) to protect the little money you can earn in my country from the devaluation of the Bolivar that we live day to day and even some businesses already accept payments in Bitcoin Cash.
Having explained this I will detail some costs of food, clothing and basic services:
With these prices I want to give an idea of the approximate cost of living in my country still missing include other inputs and basic expenses such as school fees, public transport fare and medical services which is something of the most expensive in my country, a simple consultation with a doctor exceeds $20.
The approximate total cost of living in my country Venezuela is $900 per month and we only earn 2-3$ per month.
The approximate total cost of living in my country Venezuela is 900$ per month and we only earn 2-3$ per month.
Without a doubt Bitcoin Cash has been a great relief to Venezuelans and many have benefited from it thanks to projects like eatBCH, creating content and receiving tips at BCH, working as freelancers and getting paid at BCH, doing fundraising at BCH to start a business, even people who have asked for help for a medical emergency and have received tips at BCH.
Without a doubt, Bitcoin Cash slaps socialism in the face and raises many Venezuelans who thought they had fallen, they will NEVER be able to defeat Bitcoin Cash.
Do Venezuelans have so much savings that they can survive?