Maduro

‘These Guys Just Need Money’: What Do Venezuelan Users Think of the Petro?

4 months ago admin2 Comments Off on ‘These Guys Just Need Money’: What Do Venezuelan Users Think of the Petro?
When the Petro was unveiled to the world by Venezuela’s President Nicolas Maduro, he led the cheering squad about what a groundbreaking and successful idea it would be. A government-backed, oil-pegged, cryptocurrency that would aid the ailing Venezuelan nation in their time of crisis with a hyper-inflated currency. However, the pomp and promise of the Read More

Venezuela’s cryptocurrency plan means it could have two mismanaged currencies

7 months ago admin2 Comments Off on Venezuela’s cryptocurrency plan means it could have two mismanaged currencies
Venezuela might be about to get a second currency, and it could be just as mismanaged as the first. Amid a severe social and economic crisis, Venezuelan president Nicolas Maduro said his government plans to launch the “petro,” a cryptocurrency backed by oil, gas, gold, and diamond reserves. Venezuela’s bolivar has lost nearly all of Read More