Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions. To shore up a collapsed economy, he announced on Sunday the launch of the “petro” backed by oil reserves.
The leftist leader offered few specifics about the currency launch or how the struggling OPEC member would pull off such a feat. But to cheers he declared that “the 21st century has arrived!” In his regular Sunday televised broadcast, a five-hour showcase of Christmas songs and dancing, Maduro said, “Venezuela will create a cryptocurrency,” backed by oil, gas, gold and diamond reserves.
http://feeds.reuters.com/~r/reuters/topNews/~3/sPKQenQei1k/enter-the-petro-venezuela-to-launch-oil-backed-cryptocurrency-idUSKBN1DX0SQ
http://www.wochit.com
This video was produced by YT Wochit News using http://wochit.com
Related Post:
- Venezuela last try. Venezuela petro cryptocurrency. Venezuela crisis. Venezuela refugee crisis(Hindi
- ‘Petro’-bolivar: Venezuela to launch oil-backed cryptocurrency
- Venezuela New ‘Petro’ Cryptocurrency Backed by Oil and Gold!
- Oil-Backed Cryptocurrency Brought to Venezuela by the Russians
- BUT FIRST: Venezuela Announces a New Oil-Backed Cryptocurrency
- Petro (PTR) – Venezuela’s oil backed cryptocurrency! Should you invest?
- Venezuela’s Petro-Backed Cryptocurrency to Launch August 20, 2018! – Good or Bad?
- Cryptocurrency: Venezuela to start issuing oil-back ‘petro’ cryptocurrency – TomoNews
- Venezuela and the Cryptocurrency Revolution – Interview with Dash Lead in Venezuela Eugenia Alcalá
- Venezuela’s Oil, Bankruptcy and Cryptocurrency – VisualPolitik EN