by Marvin Dumont
Inflation ruins wallets: People’s savings are gradually wiped out, and they’re forced to keep up with rising prices.
Cryptocurrencies are seeing more adoption in high-inflation economies such as Venezuela, Turkey, Argentina and others. The International Monetary Fund (IMF) estimated Venezuela’s inflation at 200,000% as of Sept. 2018. When it’s that high, it’d be pointless to count how much fiat cash you’ve got.
More Venezuelans are turning to programmable monies as practical way to pay and get paid. Between 3,000 and 4,000 merchants in the country of 32 million now accept cryptos as payment method. In Q4 2018 a crypto-enabled smartphone brand (Kriptomobile) sold nearly 60,000 units. People are choosing decentralized currencies over the government’s official currency.
Apollo (APL) all-in-one privacy currency is positioned for wider adoption globally. It combines every feature of mainstream cryptos into a single untraceable currency platform. Moreover, APL has fixed supply and 0% inflation.
With 2-second blocks, APL is one of the fastest cryptos in the world. It’s also one of the most private and unregulatable platforms with IP Masking 2.0 and Coin Mixing (Apollo Mixer). Read our whitepaper.
IP Masking 2.0 uses encrypted-data protocol that hides a user’s real-time physical location. It lets you participate in Web 3.0 economy even in restrictive jurisdictions such as China (which blocks Tor privacy browser) and Venezuela.
This privacy feature keeps you invisible from criminals, hackers, and overzealous bureaucrats. It’s basically a cloaking device that lets you surf the web anonymously.
At $0.0008 Apollo’s market cap is nearly $12 million.
Learn more about Apollo’s groundbreaking innovations: