The last few weeks, the volume of bitcoin settled from Venezuela through the portal of exchanging peer-to-peer LocalBitcoins have touched their lowest levels in the year 2019. So you can see through the Coin Dance.In data of said monitoring portal markets of bitcoin, it is recorded that in this week, starting on the 24th of August, have been traded through the platform P2P a total of 465 BTC. The previous week, the total was 466 BTC, while during the week of the 10th of August, exchanged 491 BTC.Before these three weeks, only two times the volume did not reach at least 500 BTC in LocalBitcoins, as shown in the graph of Coin Dance. In fact, the last week of July saw the lowest volume in the whole year in the country. Users of the platform just moved 433 bitcoins in that period.The exchanged volume of BTC in LcalBitcoins fell 83% from its historical peak in February of this year settled in the last week. Image: Coin.Dance.If we add the volumes of the past 5 weeks, the combination has not reached the numbers recorded during the week-highest in the history of the south american country. In February of this year, recorded a week with an exchange of 2.487 BTC through the site LocalBitcoins. The combination of the last few weeks only goes to 2.417 bitcoins traded.
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Depreciation of the bolivar compared to bitcoin
The pair of rapid increases in the exchange rate of the bolivar sovereign (VES), the venezuelan currency, with respect to the dollar, and also the VES has maintained a rate of drop in comparison with bitcoin.Recently, we reported an increase of close to 94% in the price of bitcoin in SEE during the last month. This has occurred despite the fact that the price of bitcoin on the market maintained a certain stability in that period. However, the hyperinflation of venezuela is going to consume your currency at a sustained pace compared to other currencies such as the dollar and BTC.If we analyze the period between the 9 of February of this year, when occurred the maximum historical volume of BTC exchanged, of 2.487 BTC, and the last week, the weekly volume fell 81,3%, while the value of the criptodivisa pioneer went to SEE 97,93 million to SEE 166,59 million, which represents an appreciation of the 1600% of the price of BTC in you SEE, in the same period.Today, 1 LOOK is not enough to buy 1 satoshi, the minimal fraction of bitcoin. According to the price of the average current shown on the portal Yadio, we require you SEE 2,24 to buy that tiny fraction.
Venezuela moves forward in the adoption of bitcoin and other cryptocurrencies
Contrary to the decrease in the volume of exchanges of bitcoin, the last few weeks there has been progress in the adoption of bitcoin and other cryptocurrencies for payments in Venezuela.First, one of the retailers largest country, Traki, announced the installation of points of sale of the cryptocurrencies in their stores, through a partnership with Pundi X. Previously, already received payment in critpomonedas with the processor of the venezuelan company Cryptobuyer.Then, the chain of pharmacies Farmarket supported the adoption of points of sale physical of cryptocurrencies, with the installation of devices XPay in some of their branches in the city of Caracas.