Venezuela and Petro Crypto
A corrupted government that is planning to introduce the Petro cryptocurrency backed by oil, gold, and diamond. I believe this coin will have the same outcome as the Bolivar experienced.
The intelligent people will use crypto like Litecoin and Bitcoin instead.
Source: https://news.bitcoin.com/maduro-venezuelas-national-cryptocurrency-corruption/
Check out my previous posts on my crypto blog:
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I was waiting for a crypto news. Thanks for sharing the news.
Hopefully it will be good for Venezuela's people.
It will not and a crypto backed by the state is not the way to go.
Thanks for sharing the news.