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 Petro has quickly been dissected and seen through as the feeling coming from those in Venezuela, as well as those who have been exiled or left on their own accord, see the Petro as one big scam.
https://cointelegraph.com/news/these-guys-just-need-money-what-do-venezuelan-users-think-of-the-petro
