In venezuela the most used cryptocurrency is Bitcoin.
In the last week they exchanged in localbitcoin 1,884:
Exchange volume (VES)
19,607,497,855 VES.
Average price of BTC (VES / BTC)
10,407,376.781 VES / BTC
Average BTC Price (USD / BTC)
3621 USD / BTC
Implicit rate of change (VES / USD)
2,874.172 VES/USD
the previous data show that no other altcoin is competition for Bitcoin.
Bitcoin dominates the Venezuelan market. and has three basic uses in in this nation:
1-currency for sending remittances,
2- exchange currency to obtain fiat currencies, the bitcoin market is today one of the main markers of the price of the dollar, that is, there is an implicit exchange rate between the bolivar and bitcoin referred to in dollars.
3- store of value.
this is why the projects of other cryptocurrencies that claim to be a means of payment fail, and that is that the use in stores, is more blurb than reality. Bitcoin is used as a way of saving.
RE: Legitimate Uses Of Cryptocurrency - with Chris Guida