petro

Earlier this month we reported that Venezulan President Maduro planed to introduce a cryptocurrency named the "petro" backed by oil, gas, and other resources in Venezula. Now it appears this is about to come true because the communications minister just announced it will be released in the next...

Venezuelan President Maduro has announced that his country will now offer a new currency that he hopes will let them get around international financial sanctions. He calls his new currency the "petro" and it will be a cryptocurrency that's supposedly backed by oil, gas, gold, and diamond...