President Maduro Sets Sights on New Cryptocurrency Backed by Venezuelan Gold Reserves

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TheMerkle Petro Gold VenezuelaThe Venezuelan government is quite keen on creating new cryptocurrencies, by the look of things. Following the success of its initial Petro sale, a plan has been devised to create Petro Gold. This new token will be backed by the country’s precious metal reserves. The Petro Gold Token may Become a Thing It is safe to say Venezuela can only be saved by cryptocurrencies at this point. Whether that means existing and established cryptocurrencies such as Bitcoin and Ethereum will play any role of importance has yet to be determined. For now, it seems the government is more focused on creating its own

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