Venezuela and Its first cryptocurrency
Venezuela after having the highest inflation economically that exceeds 2000% has touched it to manage to improve and create a sustainable economy to the point of creating its own cryptomoneda which is called the PETROCOINS.
is a way for which Venezuela wants out of its great crisis looking at the new trend of the cryptomoneda which has had a growth in recent years as is the Bitcoins that reaches a price of 17,000 dollars.
This currency that the government of Venezuela intends to launch will be backed by its best assets. PDVSA will also be backed by gold, diamonds, gas and the entire oil reserve.
But in the end it will be what a country needs to get out of the collapse that is currently, who knows, increased many countries like Russia wants to implement its own cryptomoneda which is called the cryptoruple.
the petrocoins will have a blockchain observatory to have a legal and institutional basis for the digital currency.
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it will be interesting to see what happens with this one
if it would be interesting to know what would happen in that country with a new cryptocurrency system
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