Venezuela Hikes Minimum Wage Again Which is Good News For Bitcoin

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

(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.

Facebook Comments

Read previous post:
Wall Street Clearing House to Adopt Bitcoin Technology

(The New York Times) - After months of talk and hype, the world’s biggest banks have taken the first steps...