First national oil backed currency

in #busy6 years ago

Venezuela’s President Maduro has announced the issuance of the first 100 million Petros, an oil-backed national cryptocurrency. He also indicated that each Petro would have the value of a single barrel of oil.

The country’s massive hyperinflation problems have led to widespread lack of trust in the national currency, the Bolivar. 31F1E211-57E5-47A8-93D6-0FA388FEF548.jpeg

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Thats great news! Thanks

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