| Founded | 2017 |
|---|---|
| Closed | 2020 |
| Country | Venezuela |
| Sector | Fintech |
| Collapse type | Sudden Collapse |
Caracas Connect
"Crypto-enabled payments in a hyperinflationary economy — extraordinary idea, impossible context"
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Caracas Connect was founded by Venezuelan engineers to build a crypto-enabled payment layer that allowed merchants and consumers to transact in USD-pegged stablecoins, bypassing the bolivar's hyperinflation.
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