The world of cryptocurrencies has seen many ups and downs recently with several proponents in the space pushing hard for the mainstream adoption of digital assets. One unlikely candidate has been Petro, the state-backed cryptocurrency created by the Nicolas Maduro-led Venezuelan government.
The cryptocurrency has drawn a lot of flak from its citizens as well as bodies from around the globe, the main issue pertaining to the lack of oil that Petro is supposed to be linked to. Another major issue in Venezuela is the rampant rise of inflation and the growing dissidence in the public forum.
The post Petro’s value raised as Venezuelan government plans to combat “criminal dollar” appeared first on BlockBoard.