In venezuela the most used cryptocurrency is Bitcoin.
In the last week they exchanged in localbitcoin 1,884:
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Exchange volume (VES)
19,607,497,855 VES.
Average price of BTC (VES / BTC)
10,407,376.781 VES / BTC
Average BTC Price (USD / BTC)
3621 USD / BTC
Implicit rate of change (VES / USD)
2,874.172 VES/USD
the previous data show that no other altcoin is competition for Bitcoin.
Bitcoin dominates the Venezuelan market. and has three basic uses in in this nation:
1-currency for sending remittances,
2- exchange currency to obtain fiat currencies, the bitcoin market is today one of the main markers of the price of the dollar, that is, there is an implicit exchange rate between the bolivar and bitcoin referred to in dollars.
3- store of value.
this is why the projects of other cryptocurrencies that claim to be a means of payment fail, and that is that the use in stores, is more blurb than reality. Bitcoin is used as a way of saving.
Those are some good stats.
I don't think your argument follows logically. You're saying that bitcoin has the most trade volume, and therefore other cryptocurrency projects are lying about being used as a medium of exchange? How do you get from one statement to the other?
I live in Venezuela. what I am saying is that the use of altcoins is not as popular as its supporters inform. Altcoins projects (Dash, BCH, etc) are means of payment and in that niche its use is not very widespread, due to:
People in Venezuela first spend the bad currency (bolívar), we have banking applications on our phones and many payments are made, in addition to the use of credit and debit cards.
Very few people receive payments with cryptocurrencies for their work.
My argument is that the main use of cryptomonedas in Venezuela is SOV and in this aspect, Bitcoin is insurmountable, it is seen in the data. The implicit exchange rate calculated in the bitcoin market makes it more attractive.
https://steemit.com/bitcoin/@ppwrozo/weekly-bitcoin-market-report-in-venezuela
I agree that bitcoin is the most used when it comes to store of value, and I did mention bitcoin as an example of a store of value in the article. When it comes to a medium of exchange, I don't know any cryptocurrency which is as widely used as Dash, in Venezuela or anywhere else. Its use may be small compared to the trade volume of bitcoin, but it does seem to be something that no other crypto project has achieved.
I do not want you to misunderstand me, I am not saying that the altcoin projects are bad, what I'm trying to say is that they really are not as they are promoted. Dash is trying to do an education job that I think is good, although in recent days the masternodes have asked stop for the financing of the project manager in Venezuela due to delays in the delivery of financial reports. ~~~ embed:dashpay/comments/al3kog/official_statement/), In addition, many of them are not satisfied with the Project (https://www.dashcentral.org/p/Dash-Venezuela-from-Oct-2018-to-Feb-2019) reddit metadata:fGRhc2hwYXl8aHR0cHM6Ly93d3cucmVkZGl0LmNvbS9yL2Rhc2hwYXkvY29tbWVudHMvYWwza29nL29mZmljaWFsX3N0YXRlbWVudC8pLCBJbiBhZGRpdGlvbiwgbWFueSBvZiB0aGVtIGFyZSBub3Qgc2F0aXNmaWVkIHdpdGggdGhlIFByb2plY3QgKGh0dHBzOi8vd3d3LmRhc2hjZW50cmFsLm9yZy9wL0Rhc2gtVmVuZXp1ZWxhLWZyb20tT2N0LTIwMTgtdG8tRmViLTIwMTkpfA== ~~~
https://app.dashnexus.org/proposals/5ab0385a-79aa-49f3-90f0-11614c731118/statistics
“This project turns out exactly as the disaster that had already been forecasted.
In the reports and milestone "achievements" that are available through the links below practically every item is scandalously unaccounted. The achievements are basically zero, let's face it. These reports are ridiculous. In any country with a decent legal system such empty reports qualify as fraudulent.
The only achievement is a contract with a chicken restaurant where people have the option to pay in Dash. The total amount is not mentioned either and we will have to assume that total chicken sales transactions doesn't even get to ten !
Is it smart for the Dash community to hand over 645 Dash for this project in order to generate less than ten chicken sales ? This project has got to be the worst "investment" on the surface of the earth...”
I recently discovered that BCH is trying to use Venezuela as a platform to relaunch its payment method project (https://steemit.com/bitcoin/@rogerkver/people-in-venezuela-need-an-alternative-mate-tokay-keynote-presentation#@ppwrozo/re-rogerkver-people-in-venezuela-need-an-alternative-mate-tokay-keynote-presentation-20190214t185712709z) and that's fine, I have no problem with that, I'm just trying to get people in other countries to really understand what's going on, and how Bitcoin is used. People in Venezuela still leave their private keys in the exchange houses (Localbitcoin), which I think is a bit negative.
regards.