Venezuela to launch "Petro" a new CryptoCurrency

in #speakyourmind7 years ago

petro

  • Venezuelan president Nicholas Maduro announced the launch of "petro" backed by oil reserves to show up a collasped economy.
  • Venezuela will create a cryptocurrency backed by Oil, Gas,Gold and Diamond reserves Maduro said.
  • He also said that it would help Venezuela advance in issue of monetary sovereiginity to make financial transaction and overcome the financial blockade.

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