One Chicken? That will be 14 million Bolivars… or .03 Dash | WHAT REALLY HAPPENED


One Chicken? That will be 14 million Bolivars… or .03 Dash

Kentucky Fried Chicken was rumored to be the latest fast-food restaurant in Venezuela to accept Dash cryptocurrency for payment.

(Actually, KFC denies these claims, but then Church’s Chicken stepped up to the plate and announced it will accept the tokens.)

Why Dash? Because the cost of a chicken now exceeds $14 million bolivars, the Venezuelan currency.

Hyperinflation in the socialist country has caused the currency to lose about 99% of its value since last year… And even then it had already been through years of hyperinflation.

Officially, the exchange rate is $1 USD for 248,000 bolivars. In reality, the exchange rate on the black market is $1 USD for over 6.6 million bolivars.

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