Crisis-hit Venezuela will issue its own oil-backed cryptocurrency Petro with an implied value of $5.9 billion as its economy continues to decay. 100 Million Petros Ordered At $59 A Piece In what appears to be a last-ditch attempt to circumvent US sanctions and keep cash flowing into the country President Nicolas Maduro announced 100 million units of its Petro cryptocurrency would enter the market. The announcement according to Reuters came during the Presidents appearance on Read More The post Venezuela Petro Cryptocurrency Will be Worth $5.9B Says Maduro appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/venezuela-petro-cryptocurrency-will-worth-5-9b-says-maduro/