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

  • Yuri Molchan
    📰 News

    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


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. 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.

Cover image via u.today
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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