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IPFS News Link • Cashless Society

Venezuela Has Gone Cashless (And That's Not All)

• https://www.theorganicprepper.com by J.G. Martinez

Collecting information from friends and acquaintances has been very hard for me. Writing about it all without feeling the effect has proven to be very challenging. Keeping the cold shadow over my heart at bay when I talk with people is the reason for the delay in my writing.

One of the biggest pieces of news recently is that Venezuela has gone almost completely cashless. But that's not all.

What happened to the reported economic recovery?

Disinformation. That is what happened.

National cash is gone. Electronic is the only currency accepted. Some exceptions are made in border cities, like San Cristobal. USD or Colombian Pesos are accepted there.

Gini Coefficient is used to measure inequality. Ranging from (1) 0% to (1) 100%: a higher Gini coefficient means greater inequality. According to Gini, Venezuela is around 39. One of the lowest in the region, with a trend towards equity.

This is absolutely laughable.


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