Facing Hyperinflation, Venezuela to Issue Oil-Backed Cryptocurrency

Venezuelan President Maduro has announced that the country will issue its own cryptocurrency called the β€˜Petro’ as an alternative to the Bolivar amid hyperinflation pressures.



via ICGO https://www.icgo.co.uk/redirect/?url=https://cointelegraph.com/news/facing-hyperinflation-venezuela-to-issue-oil-backed-cryptocurrency