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Dash Labelled ‘Snake Oil’ in Venezuela as Bitcoin Volumes Surge

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Thu, 4/10/2018 - 10:25
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Dash Labelled ‘Snake Oil’ in Venezuela as Bitcoin Volumes Surge
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Data from the Localbitcoins P2P exchange collected by Coin Dance clearly demonstrates that in late September weekly trading volumes of BTC totaled 898 and 877 BTC. Bitcoin trading volumes seem to be surging in Venezuela.

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When experts contacted Eduardo Gomez, head of support at Purse.io and a well-known local commentator in the crypto industry, he dismissed info about Dash becoming a competitor to Bitcoin in South America and Venezuela in particular.

When Gomez was asked about his opinion on Dash widely spreading around the continent in Twitter he called it ‘snake oil.’

His response brought up a heated discussion in the thread though since many disagreed.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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