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February 26, 2020

Randy Brito: How People Are Using Bitcoin in Venezuela

26 minutes

Randy Brito is the founder of bitcoinvenezuela.com and the CEO of Locha Mesh. In 2012 he started publishing educational material about Bitcoin in Spanish and translated the interface of the Electrum Wallet. We are talking about the economical situation in Venezuela, how authorities extorted miners in 2015 and how people are using bitcoin today.

We talk about:

Started bitcoinvenezuela.com in 2012

Economical situation Venezuela

Spanish translator for electrum wallet 2012

Bitcoin is used to get money in and out of Venezuela

Most liquid currency in Venezuela in the moment

How people buy online in the US and get delivered to the border

~ 300.000 people use bitcoin

People fled Venezuela with their families with the help of bitcoin

2015 authorities extorted miners

Origin of the Petro

Seized mining devices are used by the government