Bloomberg – Using Blockchain to Protect Venezualans from Hyperinflation
Crypto is a hot button issue at the minute. For many, it seems to be a kind of coveted a get-rich-quick scheme, or even a kind of game. For others, it’s altogether different. Simon Chamorro has a radical idea for cryptocurrency. His startup Valiu uses blockchain to offer digital exchange in the hopes of protecting fellow Venezuelans from hyperinflation. If the experiment succeeds, it could be a template for struggling economies everywhere. This Bloomberg episode investigates the hows and the whys behind this endeavor.This course is part of the Bloomberg Collection which is only available for customers using SAP Litmos LMS.
- The different uses of cryptocurrency
- Using blockchain to counteract hyperinflation
- The role of digital exchange on economies