Could OPEC Adopt a Cryptocurrency? Venezuela Lobbies for Oil-Backed ‘Petro’


The post Could OPEC Adopt a Cryptocurrency? Venezuela Lobbies for Oil-Backed ‘Petro’ appeared first on CCN

The Petro, Maduro’s Venezuelan crypto endeavor, is a pre-mined oil-backed cryptocurrency. However, this isn’t enough for Maduro who now wants an OPEC-backed global cryptocurrency. Could it work and is there support within OPEC? The President of Venezuela, Nicolas Maduro, wants OPEC support for Venezuela’s new ‘state-backed’ cryptocurrency offering which has been called “the Petro”. This

The post Could OPEC Adopt a Cryptocurrency? Venezuela Lobbies for Oil-Backed ‘Petro’ appeared first on CCN

Posted by Gareth Hunt on February 8, 2018 @ https://www.ccn.com/opec-adopt-cryptocurrency-venezuela-lobbies-oil-backed-petro/

Comments are closed.