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If there is a country that has had increasingly difficult times in their economy, Venezuela it would be at the top of the list. The hyperinflation led the value of their local currency to fall so low that the government started creating its own cryptocurrency, just to keep the economy moving. They are subject to much pressure from the United States, following changes to their sanctions, and their local debt continues to grow.
The Petro, the local cryptocurrency for Venezuela, it occurred as a fork DASH, but local citizens did not see it as a useful move. Instead, many residents believed that the president of Venezuela, Nicolas Maduro, was manipulating them to give up more of his funds. As a result, they turned to the rest of the crypto industry, hoping to find solutions on their own. The "Crypto for Venuzuela" user seems to be doing exactly that.
The user has recently posted a video on Twitter that illustrates how Bitcoin (BTC) has helped with charitable efforts. The user spent Bitcoin from a Reddit charity tour to provide 500 children with the stock they needed at school, which was delivered with volunteers dressed in Santa Claus. The user subtitled his video, saying, "A couple of weeks ago I shared a video where I bought a ton of school supplies and clothes to give to children! Today was that day! We delivered all the materials scholastic and children's clothing Thank you for all your help! $ BTC everything has been done thanks to you guys and Bitcoin! "
Traki, a local shop in Venezuela, accepts cryptocurrency and becomes the source of all these supplies. While the user was collecting donations, he was able to accept money in Bitcoin [BCH], Ethereum [ETH], Litecoin [LTC], XRP and Tron [TRX]. This seemingly singular action could easily become a catalyst for change and support in remote areas.
Another Reddit user, meadowpoe, took a different approach, saying, "This is a really nice and disinterested gesture, but what's not good is to go to bcash subreddit later and mumble bitcoins on tx taxes and surrender to all stupid comments about those subnormals made in your videos there … All the comments you put in your video when you posted in that stupid subtitle were a comparison on btc bcash – they do not even give a f about what you're doing. , receiving donations in bcash will not make your life easier. "
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