Venezuela Set to Introduce Country Cryptocurrency on February 20, 2018

cryptonitegirl (28)in #blockchain • 7 years ago

The new cryptocurrency Petro coin will be backed by Venezuela's oil stock, at $60/per barrel.

If you haven't been following the news in Venezuela, the country is in a serious financial crisis. Banks cannot keep up with inflation, and residents have been limited to withdrawing a few cents day.

Initially, the Petro coin will be offered to institutional investors. This will likely result in increased consumer confidence in blockchain currencies globally.

https://moneymorning.com/2018/02/02/the-hidden-truth-in-john-mcafees-latest-bold-crypto-prediction/

#regulation #crypto #cryptocurrency #oil

7 years ago in #blockchain by cryptonitegirl (28)

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