Venezuela’s New Cryptocurrency Targets Chink in US Economic Armor

ArticleCurrencyFebruary 21, 2018 - 8:40:20 AM

The country’s government today officially launched the presale of its own cryptocurrency, in hopes that the new digital coin will boost the Venezuelan economy.

Petro is the world's first sovereign cryptocurrency, and is also backed by Venezuela's rich oil reserves, making it particularly appealing.

Reputable Venezuelan economist José Gregorio Piña told Sputnik that petro deals a serious blow to the US' financial and economic supremacy...


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