Venezuela Raises $735 Million On Commodity-Backed Cryptocurrency
Nicolas Maduro, Venezuela’s president, speaks during the Petro cryptocurrency launch event in Caracas, Venezuela, on Tuesday, Feb. 20, 2018. Maduro launched Petro to use as a new alternative payment system amid hyperinflation and the eroding bolivar. Photographer: Wil Riera/Bloomberg via Getty Images
News Americas, CARACAS, Venezuela, Fri. Feb. 23, 2018: Venezuelan President Nicolas Maduro on Tuesday e announced the country’s commodity-backed crypto-currency, the petro, has raised 735 million U.S. dollars on the first day of a pre-sale. Continue reading
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