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by argvargc 1885 days ago
The US government has been using cryptocurrencies to deliver aid direct to Venezuelans, for whom previously traditionally bank-wired funds were been pilfered by local (government-controlled) banks.

The aspect of direct "peer to peer" electronic cash, coupled with plausible deniability of ownership and no need for trusted parties, are tremendously positive characteristics in poor, corrupt and developing nations where everyday crypto adoption is running high.

There is nothing else available to solve many of these problems, hence Bitcoin and others filling the void.

There are many other potential positives too, but to say there are none - even right now - is ill-informed.

https://decrypt.co/49088/us-government-use-usdc-stablecoin-b...

1 comments

I'm not doubting you, but do you have a better source than a cryptocurrency news site?

Also, the US government sending cryptocurrency to South America honestly doesn't sound like a definite positive. Even recently, the US doesn't have a great track record with their interventions in that region of the world.

Don't worry, you can trust decrypt (at least inasmuch as you can trust Yahoo):

https://finance.yahoo.com/news/us-government-enlists-usdc-gl...

Regardless of a given view on the politics of this particular intervention, accepting the intervention occurs at all, also accepts crypto's utility for this purpose of circumventing systemic centralised corruption, which was the point of the example.