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

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

Thu, 4/10/2018 - 10:25

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.

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.

Snake oil. Nobody uses it for payments down here.
— ⚡Eduardo⚡ (@Codiox) October 3, 2018

#Bitcoin #Dash News

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.