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Venezuela's Failing Monetary Policy Increases BreadWallet’s Popularity In The Country

Ramsey Baker

Summary: BreadWallet (BRD), the cryptocurrency wallet, gives credit for its success in Venezuela to local demand for crypto assets. According to a report from CoinTelegraph on Monday, BRD CEO Adam Traidman said that the success had nothing to do with their “brilliant marketing team and great advertising strategies and all that,” but was instead due to ...

BreadWallet (BRD), the cryptocurrency wallet, gives credit for its success in Venezuela to local demand for crypto assets.

According to a report from CoinTelegraph on Monday, BRD CEO Adam Traidman said that the success had nothing to do with their “brilliant marketing team and great advertising strategies and all that,” but was instead due to “government policy, the currency was inflating dramatically, kind of like what we've seen happen in other countries like Argentina and Myanmar.”

By Ramsey Baker

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