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Venezuela Confirms a National Cryptocurrency

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January 7, 2018 | 

1189 Views | 

Joanna Newman | 

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After finding his country on the verge of financial collapse, President Nicolas Maduro decided to take advantage of the cryptographic revolution. And now, after several attempts, the country is finally launching its own digital currency, which Maduro has dubbed the “Petro”

The new cryptocurrency has hit Venezuelans by surprise… And the Trump administration right in the heart.

The strategic objective of the new currency is to circumvent the imposed financial embargo by United States.

Moreover, the new currency is meant to fight against the depreciation of the Venezuelan Bolivar.

Venezuela Following Crypto Trends


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