Cucuta Colombia Serving As a Gateway To Venezuela, Venezuelans, & Bitcoin

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Athena’s Mission to Provide Economic Liberty

This dissonance will not deter our mission, in our continued efforts to diligently forge into new territory and promote Economic Liberty, we are proud to announce that #TheOwlHasLanded again, in Cúcuta.

Further, we will not charge commissions for operations for amounts less than 100,000 Colombian pesos for the first two months.

Our Cúcuta ATM/BTM is our 100th install and the location of Cúcuta was strategic for providing a direct on and off ramp for those impacted by the collapse of the Venezuelan economy. To understand why many Venezuelans have turned to Bitcoin as a way to preserve value and escape corruption, see ‘BitcoinSaved My Family,’ a short excerpt is found below.

I keep all of my money in Bitcoin. Keeping it in bolívars would be financial suicide: The last time I checked, the rate of daily inflation was around 3.5 percent. That’s dailyinflation; the annual inflation rate for 2018 was almost 1.7 million percent. I don’t have a bank account abroad, and with Venezuela’s currency controls, there’s no easy way for me to use a conventional foreign currency like American dollars. [3]

Due to Maduro’s financial mismanagement, the Bolivar hyper-inflates at a staggering rate that leaves Venezuelans in an ever intensified state of peril.

So they robbed a bank in Merida #Venezuela but bolivars are worth so little they just left the worthless paper money behind.

While we will not go into depth on the economic, social, and political instability of Venezuela, more information is available on our Flipboard as we believe in providing factual and relevant content that is free from bias.

Again, we invite you to educate yourself by visiting our curation of stories from reputable sources on Flipboard. [5]

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