Lebanon is suffering from financial and Healthcare crises in the country. Amid the country’s crisis and inflation, Lebanon’s citizens are attracted to USDT coins.
Citizens of Lebanon adopting cryptocurrency for the transaction
70% of Customers pay in USDT in Restaurants
What happened in the Past?
Lebanon was one of the most developed countries in the world got, independent on 22 November 1943 over french rule. The main source of income in the country is service, and the banking sector contributes 70% of the country’s gross national product.
According to the observed data from 2009 – 2021, the average inflation rate was 22.7% per year.
In 2021 Inflation rate seems to be 154.8%, and as per the calculation, the item cost 100 pounds in 2009 and 644.36 pounds in early 2022. In 2022 inflation rate is 544.36%.
USDT is an asset-based stablecoin issued by Tether, getting popular in Lebanon. Citizens of Lebanon use stablecoins to pay in cafes, restaurants, tours, and electronic store
We współpracy z: https://www.thecoinrepublic.com/2022/11/11/history-repeating-itself-rising-popularity-of-usdt-amid-inflation-in-lebanon/
