Which Country Is Supposedly Using An Oil Backed Cryptocurrency

Last Updated on February 6, 2023 by Paganoto

Venezuela Launching Oil-Backed Cryptocurrency – the Petro!

Another nail in the coffin for the Petro is its supposed oil backing. Venezuela has huge debts with China and Russia, and both countries take their debt …

Petro (PTR) Definition – Cryptocurrency – Investopedia

It is supposedly backed by a portion of Venezuela’s massive oil reserves. While it was launched with great publicity, the Petro has not …

Venezuela's Petro Isn't Oil-Backed. It's Not Even a …

The country’s president, Nicolás Maduro, revealed that the government would create a “cryptocurrency backed by reserves of Venezuelan wealth – of gold, oil, …

Venezuela's own oil-backed cryptocurrency is … – The Verge

Venezuela launched the presale of its own cryptocurrency, the Petro, today.

Petro (cryptocurrency) – Wikipedia

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 hard …

Venezuela Urges 10 Other Countries to Adopt Its Oil-Backed …

Venezuela’s president Nicolas Maduro has called for 10 other countries to adopt his planned oil-backed cryptocurrency, the petro.

Venezuela Announces the Creation of Oil-Backed National …

Venezuela’s president Nicolás Maduro has announced the creation of the country’s national cryptocurrency. It will be called the Petro and will …

Turns out Venezuela's Oil-Backed Petro Cryptocurrency is …

In December 2017, Venezuelan President Nicolas Maduro announced that the South American nation’s government was going to launch an …

Concerns mount as Venezuela closes in on petro, an oil …

Venezuela’s oil-backed cryptocurrency, the petro, is raising many questions. Venezuelan President Nicolas Maduro says one petro will be worth …

The online hype around Petro, Venezuela's oil-backed …

The astonishing sum would seem to advance Maduro’s goal of using the cryptocurrency to bail out the country’s flailing economy, which has been …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.