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Hyperinflation Meets Tech: Cash-Scarce Venezuela Sees Boom in Payment Apps

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Vippo app payment

Information for Vippo app and other methods of payment is seen in a fruit and vegetables stall at Chacao Municipal Market in Caracas, Venezuela January 19, 2018. Picture taken January 19, 2018.

Credit: Reuters/Marco Bello

Widerven Villegas and his brother wash some 30 cars a day at a parking lot in Caracas. Despite charging less than 50 cents, nobody pays them in cash.

From Reuters
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