Why Venezuela’s New National Cryptocurrency El Petro Will Fail

These efforts will fail if it sometimes adds to the crisis in the area with monetary failure. It is impossible for non-existent stock, overflow, centralization and actual redemption.

Venezuela’s Desperation Leads to Crypto

A close look of it reveals the opening of several stops for the Republic of Bolivian. It is concerned about Washington and this heritage media Venezuela, in which the international sanctions have been foiled by a dangerous state-backed cryptocurrency.

Source - https://news.bitcoin.com/why-venezuelas-new-national-cryptocurrency-el-petro-will-fail/