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Venezuelans Using Bitcoin and Crypto to Remove President Maduro, Calling for XRP, Ethereum, Bitcoin Cash, Litecoin, Zcash
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Altcoins February 27, 2019 Daily Hodl Staff

Venezuelans Using Bitcoin and Crypto to Remove President Maduro, Calling for XRP, Ethereum, Bitcoin Cash, Litecoin, Zcash

 

Fox News reports that US intervention in Venezuela may begin very soon, according to retired Brigadier General Anthony Tata, as the US, in favor of opposition leader Juan Guaidó, tries to force President Nicolás Maduro out of power.

Maduro has refused aid for his country, burning trucks on bridges and stranding convoys full of food and medicine on the Venezuelan borders of Colombia and Brazil.

The humanitarian crisis continues to rage amid extreme hyperinflation and protests in and around Caracas. The country’s economic instability has led to violent clashes and a drought in basic goods. People are increasingly moving their money into Bitcoin at record-breaking volumes as a hedge against the national currency and to prevent their funds from being seized.

According to a Fox Business report, General Tata says,

“I think in the next two weeks, we are going to see this thing bubble up and foment. The aid has to get in there and importantly President Trump has made this sort of a line in the sand so he needs to do something that will affect, or he needs to set the conditions that will affect the transition to [Juan] Guaidó for power.”

Journalists and residents alike are facing increasing violence. Swedish journalist Annika Hernroth-Rothstein reports for the Daily Beast that she was robbed, beaten and threatened with death.

Soldiers are defecting from the National Guard.

In a symbolic tear down of Maduro, activists and artist cryptograffiti in Cúcuta are using Bitcoin donations to raise funds for Venezuelans in need. An interactive crypto mural comprised of 1,000 bolívar shows President Madura being phased out. As contributors select and click an interactive sliver of the mural, a pop-up reads,

“Donate $10 or more of BTC and we will take down this bolivar IRL!”

Once the donation is made, the bolívar is removed from the mural. You can watch the broadcast here.

Source: AirdropVenezuela.org

The mural is part of #AirdropVenezuela, a crypto drive to help Venezuelans. The campaign is accepting donations in several cryptocurrencies, and says that 100% of the donations received are sent to Venezuelan recipients.

People from anywhere in the world can send the following cryptocurrencies.

  • Bitcoin
  • Ethereum
  • Ripple (XRP)
  • Litecoin
  • Bitcoin Cash
  • Stellar
  • Zcash
  • Komodo
  • Dash
  • DAI
  • Ethereum Classic
  • Airtm
  • Burst

Maduro has his supporters.

They are calling the organized support for Guaidó an orchestrated coup to oust him from power. CNN reports that Venezuela’s self-declared interim president Juan Guaido says he will exercise his ‘duties as president’ upon his return to Venezuela from Colombia after his meeting on Monday with US Vice President Mike Pence.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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