Cryptodollar

Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela

Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the hyperinflation plaguing their national economy.It’s still in Alpha, but Valiu has partnered with Latin America food delivery app Rappi, which could offer a large user base to