FOLLOW US: @theinsaneapp
Some Lebanese have turned to crypto because of the unsustainable financial system in Lebanon.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Locals are now mining Bitcoin, storing their wealth with cryptocurrency, and making payments using Tether.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
CNBC reports that cryptocurrencies are a "lifeline" for many Lebanese residents.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Microstrategy CEO Michael Saylor stated that Bitcoin is the hope for Lebanon, supporting this recent trend.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Southern Lebanon has cheap electricity, which allows miners to make more money, and people are shifting towards that part of the country.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
According to Chainalysis, Lebanon is second in the Middle East and North African countries for the amount of cryptocurrency received.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Reports claim they also trade the cryptocurrency tether to make U.S. Dollars through Telegram groups.
Twitter | Insatagram | Facebook