Post Profile

Venezuela to Launch ‘Petro’ Cryptocurrency

By Oil Price – In his latest stunt, Venezuela’s President Nicolas Maduro announced that the country wants to launch a cryptocurrency – the petro – backed by oil, diamonds and gold reserves.
read more


Related Posts

Maduro Unveils "The Petro": Venezuela's Official Cryptocurrency To "Overcome Financial Blockade"

Business & Finance : Zero Hedge

Three months ago, in a not entirely surprising move meant to circumvent US economic sanctions on Venezuela, president Nicolas Maduro announced that his nation would stop accepting dollars as payment for oil imports, followed just da...

Buoyed by mayoral votes, Venezuela socialists eye presidency race

News : Reuters: World News

CARACAS (Reuters) - President Nicolas Maduro has set his sights on Venezuela's 2018 presidential election after the ruling Socialist Party as predicted dominated mayoral polls with the help of a partial boycott by a crumbling opposi...

Venuzuela to Create Own Crypto Currency

US Politics / Liberal : Drudge Retort Weblog

Venezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro announced Sunday. The Petro will be backed by Venezuela's oil and gas reserves and its gold and diamond holdings,...

Venezuela to launch 'petro', a cryptocurrency backed by oil and other reserves

Business & Finance : Mashable: Business

The country of Venezuela has been mired in economic crisis for years. Now, its government is turning to cryptocurrency in hopes of turning things around. Venezuela's president has teased the launch of the "Petro," a new digital cryp...

Enter the 'petro': Venezuela to launch oil-backed cryptocurrency

News : Reuters: World News

CARACAS (Reuters) - Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the "petro" backed by oil reserves to shore up a collapse...


Copyright © 2016 Regator, LLC