Petro Crypto Currency

  • Petro is a crypto currency launched by Venezuela
  • The Petro aims to help Venezuela to advance in issues of monetary sovereignty, to make financial transactions and overcome financial blockade.
  • It is based on blockchain technology.
  • Its value will be pegged to price of barrel of Venezuelan oil from the previous day.
  • Government will accept Petro as a form of payment of national taxes, fees, contributions and public services

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