Venezuela’s useless Petro cryptocurrency will hit international markets in October

Venezuelan President Nicolás Maduro is showing now signs of slowing down on his dream of making national cryptocurrency, the Petro, a thing. Yesterday, Maduro got on state television to reveal his cryptocurrency brainchild will be used in international transactions starting from October 1, 2018. “On October 1, the petro [sic] will enter the streets to become a means for commodity exchange, purchase and convertible currency for the whole world,” Maduro said (via Sputnik News). Maduro has been pushing the Petro for some time. He has declared its use for housing the homeless, conducting oil trade, and even paying salaries. He…

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https://ift.tt/2NZpVc5 Matthew Beedham September 21, 2018 at 09:00AM