Leopoldo Lopez is a Venezuelan political activist, former mayor of Chacao, and a candidate for President of Venezuela. He has been imprisoned for years on charges of inciting violence and for posing a threat to the current authoritarian regime. This regime has destroyed Venezuelans’ economic and social life through its reckless money-printing policies and its disregard for human rights and the rule of law.
Bitcoin, the world‘s most popular digital currency, can provide a way out of this crisis. Bitcoin is a decentralized digital currency that can be used to transfer money without a bank or government interference. This means Venezuelan citizens can use Bitcoin to buy goods and services without relying on the unreliable and devalued Venezuelan currency. Furthermore, since Bitcoin is a global currency, Venezuelan citizens can transfer money to friends and family abroad without costly and time–consuming international transfers.
Bitcoin has already been used to help Venezuelans in crisis. At Bitcoin Amsterdam, a conference focused on using Bitcoin for social good, Leopoldo Lopez was featured as one of the speakers. During his talk, he highlighted the potential of Bitcoin to help the people of Venezuela and expressed his hope for a brighter future for the country.
As similar crises happen worldwide, Eritreans can mobilize with communities facing similar experiences. Bitcoin can become an essential tool for people to survive and escape poverty. By providing a way to transfer money without the need for unreliable and devalued currency, or expensive international transfers, Bitcoin can be the key to helping Eritreans, Venezuelans, and more get their lives back on track.