Venezuela has launched its cryptocurrency “Petro” in circulation
MEXICO city, 20 Feb — RIA Novosti. Venezuela has started the implementation of its cryptocurrency “Petro”.
As reported by President Nicolas Maduro in his Twitter, the currency started midnight (7am GMT).
For the first time Maduro has announced plans to create its own crypto currency in the beginning of December 2017. According to him, the use of new technology will help to overcome financial blockade of the country.
The initial cost of the Venezuelan cryptocurrency will be $ 60 for a “Petro”, during the pre-bidding will be implemented to 38.4 million Petro, announced late officials.
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