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60% of Venezuelans already know what Bitcoin is

The adoption of Bitcoin (BTC) in Venezuela is one of the most advanced in Latin America and the world. Regardless of the reasons that have contributed to this situation, the country shows a closer relationship with the main digital asset and cryptocurrencies. Now, a study shows that almost 60% of Venezuelans already know what Bitcoin is.

The research also determined that 63% of respondents have a knowledge between basic and advanced on BTC. In other words, almost two out of every three people would be aware of how the network works. The rest stated that, although they know about the existence of Bitcoin, they know “very little or do not understand it very much.”

The survey had the participation of 6,305 people and was carried out between Monday 13 and on Thursday, September 16 of this year, as reported by the Venezuelan newspaper Últimas Noticias . In the survey, released this Friday, September 17, the state cryptocurrency project Petro (PTR) was also included, of which 88% of those interviewed know of its existence.

Venezuelans are among the largest users of Bitcoin on a global scale, already 60% know what BTC is about.
Source: UN Data.

After petro and bitcoin, Venezuelans would also have some kind of knowledge about ether (41.5%), the native cryptocurrency of the Ethereum network, Bitcoin Cash (34.6%), Litecoin (24.2%) and Dash with 22.6%. Other digital assets mentioned in the survey were: Binance Coin (19.6%), Dogecoin (17.5%), Binance USD (16%), Tether (11.9%), Monero (9.4%), ZCash (7.4%), XRP (6.6%) and Cardano (6.5%).

A report quoted by this newspaper in August ranked Venezuela as the seventh country with the highest adoption of bitcoin on a global scale, according to the blockchain intelligence agency, Chainalysis. Operations with bitcoin and other cryptocurrencies continue to boom to the point that real estate brokers already offer support for the sale of homes with BTC.

Two-thirds of Venezuelans surveyed stated that their knowledge of Bitcoin ranges from basic to advanced.
Source: UN Data.

In addition, in the recent state announcement to allow casino operations again in various cities, some of these establishments have already announced that they will accept bitcoin and other cryptocurrencies as a means of payment for plays.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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