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Here's How People Are Using Cryptocurrency in Venezuela
Podcast |
Odd Lots
Publisher |
Bloomberg
Media Type |
audio
Categories Via RSS |
Business
Business News
Investing
News
News Commentary
Publication Date |
Jul 29, 2019
Episode Duration |
00:44:13

Last month, Facebook announced it was launching its own cryptocurrency called Libra. Facebook says Libra is going to have all sorts of benefits, including helping people without traditional bank accounts and acting as an alternative form of money in countries that don't have stable currencies. At the same time, Facebook's Libra has already been criticized for potentially allowing people to skirt existing government rules. On this episode of Odd Lots, we speak with Jill Carlson, co-founder of the Open Money Initiative, about the actual use cases of Bitcoin and other cryptocurrencies. She's been studying exactly how people have been using cryptocurrency in one of the world's most unstable monetary systems: Venezuela. 

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