Venezuela Found Foreign Investors for Petro

Venezuela says it has found a number of foreign investors for the pre-sale of its oil-backed national cryptocurrency, the Petro. Starting this month, Venezuela is expected to pay companies from Brazil, Poland, Dinamarca, Honduras, Norway, Vietnam, and other nations for food and medicine imports with the Petro. The Venezuelan Ministry of Popular Power for Communication and Information announced:

"A group of Brazilian companies have agreed to receive payment for the sale of food to Venezuela, through petro, starting on February 20, when the pre-sale of the cryptocurrency begins."