Venezuela has an unstable economy and its currency has been hit by inflation beyond 1000%. Destinia, a Venezuelan online travel agency, will now only accept Bitcoin for payment for its services citing "increasing restrictions" and economic woes in the country.
Venezuela's economic woes look to be very far from ending their effects on small and Medium scale enterprises (SMEs) operating from within Venezuela. Many small and medium scale businesses have bitten the dust due to the economic problems faced by the country.
Can bitcoin help Destinia remain in business?
Will this decision help ease the hyperinflation in Venezuela?
How do users obtain the bitcoin from inside Venezuela given the fact that the country's local currency has lost value?