[ebikelaw]

Why not just dollars?

[sidko]

How would you send him/her dollars?

[Hernanaracena]

Venezuelans cannot accept USD without a bank account. You can use paypal but its hard to exchange from paypal USD to the venezuelan currency (Bolivares)

[vkou]

How, and why is it easier to exchange BTC for Bolivars, then Paypal dollars for Bolivars?

[ekianjo]

I thought holding USD was outlawed in Venezuela now?

[make3]

can't imagine it's easy to exchange bitcoins to bolivars, though I may be wrong if course

[orev]

Why not exchange bitcoins for stuff, like an actual currency and not just a method of transfer?

[tdb7893]

Are the transaction fees still ridiculous and is it any faster? I thought it's generally too expensive or slow for most normal transactions

[1996]

No, at the moment the fees are quite low.

Maybe you could trust the person asking for crypto instead of showing an anti-crypto bias?

[ebikelaw]

Coin Metrics says the transaction fee stands at $7.67 which is astronomical. ETH is a bit lower at $1.39 but that is still far far higher than most payment instruments.

[ebikelaw]

That's what I am getting at. To pervert the old saying, you can't eat a Bitcoin. Presumably what this person wants is some instrument that can be exchanged for, say, 50 kilos of rice. Are Bitcoin and Ethereum really the best such instruments within Venezuela?