The Venezuelan Crisis with a technology silver lining
by Marco Tapia
February 14, 2019
This is what unchecked Socialism can do to a rich country!.
Terrible to see so many Venezuelans leaving their country.
It used to be a great country.
Hyperinflation Hits 80,000% Per Year in 2018
A silver lining in the Venezuelan crisis. Hyperinflation meets tech.
Cash-scarce Venezuela sees boom in payment apps
Venezuela’s hyperinflation, one of the first of the digital era, is producing surprise winners in a tough business climate: small technology companies based in the crisis-stricken country.
“We don’t handle cash because our clients don’t have it,” he added. “With the applications I use, I’ve got their money before they’ve even left the parking lot.”
“I accept transfers. I have Tpago, Vippo and almost all the applications out there!” said one merchant, as he clutched a worn-out tablet and a basic mobile phone.
About PicNet: Founded in 2002, PicNet has been a leading provider of IT services and solutions to Australian businesses and Government. PicNet (People, Information and Collaboration Network) helps organisations use technology to increase productivity - www.PicNet.com.au
About Marco Tapia: PicNet Managing Director MBA (UNSW), BSc, Dip (Business Analysis), MAICD - Founder of PicNet and responsible for its overall strategic direction, its consulting services and its business development – marco.tapia@PicNet.com.au