Venezuela Hikes Minimum Wage Again Which is Good News For Bitcoin

By Timothy Sohn Jan 9, 2017 6:49 PM EST

(newsBTC) – Hyperinflation has been plaguing the Venezuelan economy for quite some time now. It is also one of the reasons why the government decided to mint new coins and banknotes. The next step in the long recovery process is hiking the minimum wage by 50 percent, an intriguing decision that can affect Bitcoin adoption in the country.

Read more:
Bitcoin Micropayments Article
The Economics of Bitcoin Micropayments for Digital Content

The ability for Bitcoin to enable microtransactions on the Internet is something that has caught the attention of many venture...

Close