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 'The petro is born': Venezuela launches its cryptocurrency

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RR Phantom

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'The petro is born': Venezuela launches its cryptocurrency Vide
PostSubject: 'The petro is born': Venezuela launches its cryptocurrency    'The petro is born': Venezuela launches its cryptocurrency Icon_minitimeTue Feb 20, 2018 6:10 pm
Crisis-ridden Venezuela is launching an oil-backed cryptocurrency on Tuesday that it hopes will help circumvent US financial sanctions and resurrect the country's moribund economy.

'The petro is born': Venezuela launches its cryptocurrency 1519152765429

The pre-sale of the "petro," which will represent a barrel of crude from a specific division in the country's Orinoco oil belt, started on Tuesday morning. Investors were offered US$60 "tokens" at discounted rates that they can exchange for petros during what is being dubbed an "initial coin offering," or ICO, in March.

http://www.smh.com.au/world/the-petro-is-born-venezuela-launches-its-cryptocurrency-20180220-h0we33.html
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