The 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 ownPowered by WPeMatico
Venezuela’s president Nicolas Maduro has ordered the country’s consular services, as well as several other services and gas stations, to accept any cryptocurrency including the nation’s own petro. In addition, he has announced the launch of another cryptocurrency, this time backed with gold. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Maduro’s Orders […]