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Venezuelans try to beat hyperinflation with cryptocurrency revolution (DW article)

Hi,

Hope you are doing great, as you probablyt know Venezuelan living here!

Wanted to share this article, it explain what happened to the petro “creator”.

[https://www.dw.com/en/venezuelans-try-to-beat-hyperinflation-with-cryptocurrency-revolution/a-57219083](https://www.dw.com/en/venezuelans-try-to-beat-hyperinflation-with-cryptocurrency-revolution/a-57219083)

Any question let me know!



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5 Comments

  1. So the article mentions “Petro”, which is backed by Venezuelan oil reserves, and intends to replace Bitcoin and other cryptos in Venezuela. What kind of repercussions could we see given a mainstream Petro adoption, and can it really compete against other cryptos like Nano?

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Daily Bitcoin News April 16th, 2021

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