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Petro the oil backed Crypto-currency

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Petro the oil backed Crypto-currency

Unread postby EdwinSm » Mon 04 Dec 2017, 06:55:53

Any one going to invest in the latest Crypto-Currency? It is backed by "oil, gas, gold and diamond wealth" so should be a good bet :lol: :mrgreen:

Venezuelan President Nicolas Maduro has announced the creation of a new virtual currency in a bid to ease the country's economic crisis.

He said the Petro would be backed by Venezuela's oil, gas, gold and diamond wealth.

Opposition MPs, however, poured scorn on the plan.
.....

In a televised announcement on Sunday, Mr Maduro said the new crypto-currency would allow Venezuela "to advance in issues of monetary sovereignty, to make financial transactions and overcome the financial blockade".

"The 21st Century has arrived!" he added to cheers from supporters.

http://www.bbc.com/news/world-latin-america-42217798
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Re: Petro the oil backed Crypto-currency

Unread postby Cog » Mon 04 Dec 2017, 13:11:44

Ahh an investment into a communist government that could be seized for the good of "the people" at any minute? LOL You guys be first.
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