Venezuela Officially Launches State-Backed Petro, Passport Fees Now via Crypto-Only

Venezuela Officially Launches State-Backed Petro, Passport Fees Now via Crypto-Only

Venezuelan President Nicolas Maduro officially launched the Petro, a state, and oil-backed cryptocurrency. According to the RT article published on October 8, 2018, while the goal of the state-backed cryptocurrency is to consolidate Venezuela’s economic stability, experts and analysts, however, remain skeptical and question whether oils and minerals back the token. Financial Experts Believe the Petro Will Not Catch On…Read More. The post by Cindy Huynh appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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