Venezuela to launch oil-backed Bitcoin-like cryptocurrency - "PETRO"
Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on Thursday, #crypto-news #blockchain #zappl #steem
![](https://steemitimages.com/640x0/https://s3-us-west-1.amazonaws.com/zapplweb%2FpostImage/zapplPostImage1514544050002.jpeg)
@originalworks
The @OriginalWorks bot has determined this post by @uberfreelancer to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!