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Will Venezuela be able to solve part of its economic problems by introducing this new cryptocurrency, the petro?

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alan avak30 Posted

Will Venezuela be able to solve part of its economic problems by introducing this new cryptocurrency, the petro?

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<span lang="en" tabindex="0">Of course not, this currency would not take force since what comes from Venezuela creates distrust as its socio-economic problems are further exacerbated by the dictatorship of President N. Maduro.</span>
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Rajat Singh

no

this would not help in the crisis since the Peto cryptocurrency will only be used in Venezuela, not outside it for trading with other countries. if somehow Venezuela makes its cryptocurrency stable and acceptable worldwide then I am sure it would help.

Venezuela is a good reservoir of petroleum but the cost of extraction is very high there.

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