RATE Group | Major Venezuelan Department Store Chain Accepts Cryptocurrency
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Major Venezuelan Department Store Chain Accepts Cryptocurrency

19 Nov Major Venezuelan Department Store Chain Accepts Cryptocurrency

Posted at 04:18h in Cryptocurrency News by

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Major Venezuelan Department Store Chain Accepts Cryptocurrency

Economics

The people of Venezuela have been forced to cope with an increasingly difficult economic situation in recent years. This has led to a loss of trust in government-issued fiat by the population in a way that many believe exemplifies the need for cryptocurrency. This may account for why a major Venezuelan department store chain accepts cryptocurrency, something which is a rarity to see in more prospering economies.

Also Read: Coinbase Ventures Backs Home Crypto Mining Startup Coinmine

Traki Accepts Cryptocurrency Payments

Traki is a large chain of department stores operating in Venezuela for over 30 years. It encompasses 49 branches in many major cities across the country, selling everything from fashion to food and cookware.

According to its public…

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