Venezuelans try to beat hyperinflation with cryptocurrency revolution | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Venezuelans try to beat hyperinflation with cryptocurrency revolution

Returning to his home country of Venezuela would be dangerous for Gabriel Jimenez. The 31-year-old programmer has been living in exile in the United States for two years now, from where he is striving to push a cryptocurrency revolution in his country with a digital coin called Reserve.

The cryptocoin is intended to circumvent Venezuela's notoriously high inflation and has been in circulation since March this year. The socialist politicians ruling Venezuela "have no solutions for our country" and its depreciating legal tender, the bolivar, he told DW.

Officially charged with designing Venezuela's first cryptocurrency three years ago, Jimenez — then a youthful startup founder at the age of 27 — saw a chance for both beating hyperinflation and taking clandestine revenge on the country's detested socialist government.

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