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Tag Archives: Venezuelas

Venezuela’s Petro Is a ‘Smokescreen’ Backed by Centralized Debt-Crippled Entity

Venezuela’s nationwide oil-backed cryptocurrency, the Petro (PTR), has been scathingly denounced as an opaque “stunt” sponsored by a centralized and debt-saddled entity, the Wired reports nowadays, August 22. Amid rampant hyperinflation within the Venezuelan economic system, President Nicolas Maduro has this week introduced a rebranded fiat forex – the sovereign …

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A Look at Venezuela’s Other Cryptocurrencies, While the Petro Takes Center Stage

Altcoins Financially Venezuela, which is introducing the new, denominated, crypto-anchored “sovereign bolivar” this week, could also be the birthplace of numerous choice cash beside the state-issued, oil-backed nationwide cryptocurrency, El Petro. Crisis-hit Venezuelans are in reality the usage of a few of them in genuine lifestyles, in keeping with the …

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