Venezuela’s ‘Petro’ Token Launches in Pre-Sale
Venezuela's government has reportedly launched the pre-sale of its controversial "petro" cryptocurrency, saying 82.4 million tokens are now available.
Venezuela officially has its own cryptocurrency – and its president wants some of the country's state-owned businesses to use it.
Venezuelan finance minister Simon Zerpa Delgado announced on Twitter that he visited Moscow to update Russian officials on Venezuela's petro currency.
While a lot is still unclear about Venezuela's state-backed "petro" token, what is apparent is that many feel it's potentially harmful for its people.
The South American country's plan to launch its own cryptocurrency has sparked global headlines and a range of commentary on social media.
Venezuela revealed a new website for its petro token, releasing its technical white paper and telling potential customers how to purchase the coin.