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Biggest Department Store Chain in Venezuela Goes for Bitcoin, Ethereum, Litecoin and Dash

by Daily Hodl Staff
November 17, 2018
in Altcoins

Traki, the largest department store in Venezuela, is accepting cryptocurrencies for merchandise. The store supports Bitcoin, Bitcoin Cash, Dash, Ethereum and Litecoin as acceptable forms of payment.

Mass adoption of cryptocurrencies in countries such as Venezuela, where people are battling hyperinflation, underscores how troubled economies are likely to be the first to shift away from their collapsed fiat currencies in search of a new monetary system.

Catering to millennials, young mothers and fashionistas, Traki bills itself as “the favorite department store of Venezuelans.” Part Ikea, Walmart and Forever 21, the giant retailer sells fashion, footwear, accessories, household items and furniture with locations spanning 10 floors.

The retail chain thrives on a ‘shop-till-you-drop’ atmosphere with slashed prices and mega sales featuring 50% discounts on everything.

To get the word out about crypto, Traki, which operates 50 department stores across the country, issued dozens of tweets throughout October and November.

Ahora puedes realizar tus pagos en nuestras tiendas con criptomonedas ¡Te esperamos! pic.twitter.com/3eBQsEnOHX

— Traki (@TRAKIenganchate) October 5, 2018

 

View this post on Instagram

 

¡Chicas! Una oportunidad increíble para conseguir un outfit soñado ¡ #VenATraki y aprovechen esta súper promo! Las esperamos ? . #Traki #Descuentos #Ofertas #Promoción #OOTD #LookDelDia #DptoDeDamas #ElRematazo

A post shared by Traki (@trakienganchate) on Oct 2, 2018 at 5:30pm PDT

The Crypto Beat

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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