Venezuela Set to Introduce Country Cryptocurrency on February 20, 2018
The new cryptocurrency Petro coin will be backed by Venezuela's oil stock, at $60/per barrel.
If you haven't been following the news in Venezuela, the country is in a serious financial crisis. Banks cannot keep up with inflation, and residents have been limited to withdrawing a few cents day.
Initially, the Petro coin will be offered to institutional investors. This will likely result in increased consumer confidence in blockchain currencies globally.
https://moneymorning.com/2018/02/02/the-hidden-truth-in-john-mcafees-latest-bold-crypto-prediction/
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