The petro, or petromoneda,launched in February 2018, is a cryptocurrency developed by the government of Venezuela.
Announced in December 2017, it is supposed to be backed by the country's oil and mineral reserves, and is intended to supplement Venezuela's plummeting bolívar fuerte currency, as a means of circumventing U.S. sanctions and accessing international financing. On 20 August 2018 the bolívar soberano (Sovereign Bolivar) was introduced, with the government stating it would be linked to the petro coin value, however the Petro has done very little to help with Venezuela's growing hyperinflation.
In this video you I will explain the issue with the Petro crypto.
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BTC
bc1qp5ppdwr0y0egdnct6q3lfw48ke3qhr3v996qm3
ETH
0x344E95a4a28fcF33C77e606Dc5c748D440e8565B
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