This is where cryptocurrencies are actually making a difference in the world

Strolling the aisles, it didn’t take Eugenia Alcalá long to pick out her weekly grocery items: rice, beans, bread and meat. That’s about all that’s available in Caracas, the capital of Venezuela.

Once she reached the cashier, it would be another 40 minutes before she could leave the store.

“Yesterday the account was 200 million [bolivars], but the point of sale only permitted 20 million bolivars per transaction,” Alcalá said. “So I had to pass the debit card 10 times. Each time it takes up to five minutes.”

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Author: Marketwatch
Original link: https://www.marketwatch.com/story/this-is-where-cryptocurrencies-are-actually-making-a-difference-in-the-world-2018-10-03