Is Ethereum Becoming Colombia’s Best Money Option?

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It appears Ethereum, the second-largest cryptocurrency and the primary competitor to bitcoin, is growing in popularity in Colombia. Ethereum Is Carving Out a Name for Itself in Colombia South America has proven to be a major bitcoin and cryptocurrency haven. Countries like Venezuela, for example, have seen their national currencies subjected to either inflation or other economic problems that ultimately render them useless or inaccessible to native residents. Many have turned to cryptocurrencies like Dash and bitcoin to get their fingers on daily needs such as food and clothing, but Venezuela’s government isn’t adding much to the pot in terms of assistance. For example, Venezuela’s president Nicolas Maduro has recently introduced the Petro, a national cryptocurrency allegedly backed by the nation’s many oil reserves. There is no mention of these oil reserves in the currency’s whitepaper, and many believe this notion to be false. In addition, Maduro has also tried…

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