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Title: Venezuela to launch oil-backed cryptocurrency Post by: dietmarfritz59 on December 04, 2017, 04:38:35 PM https://www.reuters.com/article/us-venezuela-economy/enter-the-petro-venezuela-to-launch-oil-backed-cryptocurrency-idUSKBN1DX0SQ (http://"https://www.reuters.com/article/us-venezuela-economy/enter-the-petro-venezuela-to-launch-oil-backed-cryptocurrency-idUSKBN1DX0SQ")
This article talks about how Venezuela is going to launch an oil-backed cryptocurrency. How do you think this will affect the market? Title: Re: Venezuela to launch oil-backed cryptocurrency Post by: Falgorn on December 04, 2017, 07:39:10 PM Venezuela is going to issue its own crypto currency "petro", which will be supported by gold and oil. This is an unusual project, because, as a rule, crypto currency is not provided and exists only due to the demand for it. The diversity in the forms of the existence of the crypto currency is very important for us, because only in this way can we find ways to improve it.
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