Venezuela: Bitcoin to the Rescue as US-Led Visa, Mastercard Boycott Looms

With the United States government threatening to prohibit payment companies from processing transactions in Venezuela, citizens may be forced more than ever before to adopt Bitcoin. No More Visa and Mastercard Payments for Venezuelans According to Bloomberg, U.S. government officials say the Trump administration is considering further economic sanctions against the President Maduro-led regime in Venezuela. This time, the U.S. will be prohibiting payment firms like Visa and Mastercard from providing service in the country.Read MoreThe post Venezuela: Bitcoin to the Rescue as US-Led Visa, Mastercard Boycott Looms appeared first on Bitcoinist.com.