Venezuela May Introduce Its Own Central Bank Digital Currency

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TheMerkle Venezuela Digital CurrencyVenezuela is struggling badly right now. With the local currency devaluing at an accelerated pace, things are going from bad to worse for the country’s economy. As a last-ditch effort, the government is now looking into creating its own central bank digital currency. Whether or not this measure will be successful remains to be determined. Venezuelan Government is Grasping at Straws The concept of central bank digital currencies has been kicked around so many times it is almost changing shape. Several countries are exploring this option right now, although none have successfully created such a tool as of today. Venezuela is the

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