Venezuela Firms Turn to Crypto Amid Dollar Scarcity

Small and medium-sized businesses in Venezuela are increasingly turning to cryptocurrencies as a solution to severe dollar scarcity. The lack of access to U.S. dollars is forcing companies, such as pharmaceutical factories, to raise prices for their goods due to difficulties in importing essential chemicals and ingredients. This shift towards crypto highlights the economic challenges faced by Venezuelan businesses and their innovative adaptation strategies to maintain operations in a volatile financial environment.