US Newspapers – Enter petro: venezuela to launch support cryptocurrency oil

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US Newspapers – US Newspapers – Enter petro: venezuela to launch support cryptocurrency oil
US Newspapers – US Newspapers – Enter petro: venezuela to launch support cryptocurrency oil

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 collapsed economy. The leftist leader offered few specifics about the currency launch or how the struggling OPEC member would pull off such a feat, but he declared to cheers that “the 21st century has arrived” “Venezuela will create a cryptocurrency,” backed by oil, gas, gold and …

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© US Newspapers

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