The virtual currency in Venezuela has been born.

Has the petro been born the virtual currency of Venezuela, will it bring some benefits to my nation? help in something, The cryptocurrency is a great idea but based on the history of its creators we can say that it may end up as everything done by these gentlemen in a fiasco, which is sure that for them it will be very helpful for what they call money laundering. Each day come to light one after one after the corrupt plays of this whole dome of Maduro.

Next a note taken from the National newspaper of Venezuela.

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The petro has already been born. The Venezuelan government began the pre-sale operations of its cryptocurrency early this morning.

"The petro was born Today, the Venezuelan petro presale is formally and officially launched, Venezuela is placed at the forefront of future times, today it will become a day of history, the first State, the first nation to launch its cryptocurrency. , backed by its reserves and natural wealth, "said Vice President of the Republic, Tareck El Aissami.

Unlike most cryptocoins on the market (such as bitcoin or ether), the petro has a physical backing: the national reserves of gold, oil, gas and diamonds.

The government will accept the cryptocurrency as payment for official transactions, such as the payment of taxes.

The Minister of Science, Technology and University Education of Venezuela, Hugbel Roa, supports the document with the financial proposal of the petro.

Venezuela is facing a galloping depreciation of its currency. In addition, the financial sanctions imposed by the United States are hindering the payments and financing of a country in crisis.

When announcing the creation of the cryptocurrency, Maduro assured that this will allow "to advance on the issue of monetary sovereignty, for financial transactions, to overcome the financial blockade".

"It will allow us new forms of international financing for the economic and social development of the country," said the president, assuring that the currency will be backed "in the reserves of Venezuela's wealth."

The four resources that support the cryptocurrency (gold, oil, gas and diamonds) are abundant in the territory.

Venezuela is the country with the largest proven oil reserves in the world.

Source

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For how the petro is backed by the huge reserves of Venezuela for the advice of blockchain with an efficient and minimally honest government this currency would be a great boost for Venezuela, unfortunately as I said at the beginning we know its history and however hopeful this project is for very good advice you have, they (Government of Venezuela) will be responsible for destroying it as they have done with all their greed is greater than wanting welfarepara este país.