You are viewing a single comment's thread from:
RE: The Ongoing Crisis in Venezuela and the "Petro Coin"
So sad to hear the economic condition of Venezuela worsening day by day. The medical sector is also very poor. People have to even take their own medicine? I think this sector needs more improvement and development in Venezuela. I hope the oil-backed cryptocurrency Petro will circumvent economic sanctions and hyper-inflation. It will attempt to bring the country out of the financial crisis. This is a very genius way to boost a failing economy. If it works, other countries can expect with financial difficulties to follow suit🙂
The medical sector needs supplies so very bad. This is beyond disturbing. At this point if the Petro can help the citizen in any way then it is worth a shot. Personally we would have bought into this but atlas the US said no. Any gain from this would surly help the citizens...right? We think we will be seeing a lot more counties turn to crypto-currencies in the near future... Fiat money will be a thing of the past before too long.
I agree with you. Every currencies will be digitalized in the near future. Cryptocurrencies will help to democratize the economy. We can see successful case with Zimbabwe, the hyperinflation crisis during 2008 and 2009 cause many citizens to lose huge amount of savings and they were in need of to secure their own savings. And now, bitcoin have accelerated their economic growth rate. I hope there is gonna be positive news of country legalising cryptocurrency as national currency.
We agree, Crypto-Currencies will be the currency of the future, and not a distant one. Unfortunately this is the beginning of a one world currency.