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by argvargc
1885 days ago
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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... |
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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.