Venezuela Formally Releases Petro, Will It Aid the Country’s Economic Recovery?

2018-10-3 23:00

Venezuela’s oil-backed cryptocurrency, the Petro, will be released to the global markets this Monday, marking one of the first cryptocurrencies in the industry to be created and administered by a government.

The cryptocurrency is part of the government’s “Economic Recovery, Growth, and Prosperity Program” that came about after the country fell into economic turmoil following. . .

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