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I Went to Bolivia Where Businesses Survive on Stablecoins

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Manage episode 522280459 series 2585062
Content provided by Justin Norman and The Flip Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Norman and The Flip Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Bolivia is facing a severe economic crisis. The country is literally running out of dollars. Their foreign reserves have collapsed from $15 billion a decade ago to just $50 million today.

In June 2024, Bolivia legalized cryptocurrencies, and digital asset transaction volume exploded - growing over 500 percent in the past year.

To participate in the global economy, businesses are turning to stablecoins for access to dollar assets.

From Binance peer-to-peer trading to stablecoin-powered credit cards, we explore how people survive when their country runs out of dollars, and how stablecoins are being used for global spending.

Watch the full episode on YouTube.

00:00 - Bolivia ran out of dollars
02:06 - Stablecoins to the rescue
03:25 - How did Bolivia get here?
04:11 - Bolivia's parallel economy
06:24 - Meru
09:55 - What happens when a country runs out of dollars

Our Links -
đŸŽ„ YouTube - https://youtube.com/@thefliphq
🐩 Twitter - https://twitter.com/thefliphq
đŸ‘„ LinkedIn - https://www.linkedin.com/company/thefliphq/
📾 Instagram - https://instagram.com/thefliphq
đŸ’» Website - https://theflip.africa

  continue reading

96 episodes

Artwork
iconShare
 
Manage episode 522280459 series 2585062
Content provided by Justin Norman and The Flip Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Norman and The Flip Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Bolivia is facing a severe economic crisis. The country is literally running out of dollars. Their foreign reserves have collapsed from $15 billion a decade ago to just $50 million today.

In June 2024, Bolivia legalized cryptocurrencies, and digital asset transaction volume exploded - growing over 500 percent in the past year.

To participate in the global economy, businesses are turning to stablecoins for access to dollar assets.

From Binance peer-to-peer trading to stablecoin-powered credit cards, we explore how people survive when their country runs out of dollars, and how stablecoins are being used for global spending.

Watch the full episode on YouTube.

00:00 - Bolivia ran out of dollars
02:06 - Stablecoins to the rescue
03:25 - How did Bolivia get here?
04:11 - Bolivia's parallel economy
06:24 - Meru
09:55 - What happens when a country runs out of dollars

Our Links -
đŸŽ„ YouTube - https://youtube.com/@thefliphq
🐩 Twitter - https://twitter.com/thefliphq
đŸ‘„ LinkedIn - https://www.linkedin.com/company/thefliphq/
📾 Instagram - https://instagram.com/thefliphq
đŸ’» Website - https://theflip.africa

  continue reading

96 episodes

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