As Venezuela is in the grip of hyperinflation, a large local Wal-Mart-like department store has started to accept bitcoin for goods. Cryptocurrencies: A Viable Alternative More and more are cryptocurrencies establishing themselves as a viable alternative to Venezuela’s redenominated local currency the Sovereign Bolivar. TRAKI, a large local department store, has purportedly started to accept cryptocurrencies. According to a Reddit thread posted by user ImVito, she was able to purchase 884 items of school suppliesRead MoreThe post The ‘Wal-Mart’ of Venezuela Has Started Accepting Bitcoin appeared first on Bitcoinist.com.
