The crisis in Venezuela worries observers. According to UNHCR, the United Nations refugee agency, four million Venezuelans, more than 12% of the population, have escaped to neighbouring countries, the most impressive exodus in Latin American history.
The political stalemate, aggravated by the economic crisis and hyperinflation, has had dramatic consequences on the lives of millions of people. Food and medicine are too expensive for many to purchase. According to research recently published by the Journal of Social Science and Medicine, 80% of Venezuelan families live in food insecurity, and cases of malnutrition have increased, especially among children.
The frequent blackouts and lack of water further limit the possibility of assuring quality care. Thus, cases of diseases such as malaria and outbreaks of preventable diseases such as diphtheria and measles have increased.
In this unmanageable environment, Venezuelans in need have increasingly shifted to a new tool to receive aid: cryptocurrencies.
Here you can sustain Bitcoin For Venezuela Initiative, a local charity that receives donations to purchase food and reaching people across the country, serving thousands of meals.