Lebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils

Bitcoin.com | Nov 7, 2022 at 7:30 AM
  • Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed.
  • From earning much needed income through mining and work, to storing wealth and paying in stores, bitcoin, tether and other cryptos have started to push aside the hyperinflated Lebanese pound and the hard-to-get-hold-of U.S. dollar.
  • To spending tether — all these Lebanese citizens praised access to a type of money that makes sense for them in the current circumstances.