Venezuela Cryptocurrency Petro Set To Launch

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Last post made 6 years ago by mafalda
Melcb
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  • Melcb
    • Started by
    • Melcb
    • at Feb 01, 18, 09:34:31 PM
    • Admin 6308
    • last active 8 days ago

    Thanks for this post from:

    Venezuela is set to launch its national crytocurrency known as Petro, the launch date has been said to be 20 February. It is said to be backed by OPEC member Venezuela’s oil, gas, gold and diamond reserves. More info on this Reuters new story here.

    It is claimed that the President Maduro has been recruiting miners to mine the country's new digital currency. The country hopes to help pull itself out of a economic crisis as it hasn't been able to pay back debts, widespread shortages of food and medicine and the traditional currency is currently at an all time low against the US$.

    What are your thoughts on this?

  • JohnnyK
    • Replied by
    • JohnnyK
    • at Feb 02, 18, 12:31:19 AM
    • Romania Forum admin 30868
    • last active 1 year ago

    Thanks for this post from:

    It looks more like a failed joke from president Maduro, his country is on the brink of collapse and the Petro is far from being a solution to their problems. 

  • Ivan4eg88
    • Replied by
    • Ivan4eg88
    • at Feb 04, 18, 11:21:20 AM
    • Ukraine Super Hero 1811
    • last active 3 days ago

    Thanks for this post from:

    When you create a new cryptocurrency, the main thing is to convince people to invest their money in it. And who entrusts money to those who have brought their people to hunger, having such a lot of natural resources?

  • mafalda
    • Replied by
    • mafalda
    • at Feb 05, 18, 08:47:27 AM
    • Argentina Sr. Newbie 28
    • last active 3 years ago

    President Maduro doesn't have the strength that Chavez had... With this move of making some kind of government cryptocurrency, I think he can only worsen the situation in Venezuela..

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