TradingEconomics which provides a service that compiles inflation rates, states that 14 countries have inflation levels above 18% currently. 10 of these countries are rising at press time. Half of these 10 countries have the economical and technological ability to introduce bitcoin as a safe-haven asset, possibly as soon as in 2017.
Lifehack finder's Nice To Know: Google searches for Bitcoin are up over 400% in Venezuela over the past week. A popular online travel agency 'Destinia' has officially begun to accept bitcoin payments exclusively in Venezuela.
Victor Oliva, Head of the Transportation Department at Destinia stated: "Venezuelans not only have many difficulties leaving the country, however also in paying with credit cards, as they can only do so in the local currency. Giving priority to Bitcoin as a payment method could be of help." This decision was made in light of recent financial crisis in Venezuela.
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