In a bid to save Venezuela from hyperinflation, embattled President Nicolás Maduro has mandated that his Petro cryptocurrency become the nation’s second official currency. By August 20, Venezuela will have two new official currencies: the “sovereign Bolivar†and the Petro cryptocurrency – valued equally and supposedly interchangeable. “As of next Monday, Venezuela will have a second accounting unit based on […] the value of the Petro.†Maduro declared in a televised address (spotted by Sputnik). “It will be a second accounting unit of the Republic and will begin operations as a mandatory accounting unit of our PDVSA oil industry.†The Petro is…
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https://ift.tt/2MnjIWI David Canellis August 14, 2018 at 06:00AM
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