Venezuela's president is ordering the use of the petro in international trade, despite doubts the token will be widely accepted.
The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed.
Peer-to-peer cryptocurrency exchange AirTM has raised $7 million it says it will use to expand in troubled Latin American economies.
Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account.
Few cryptocurrency projects are evangelizing in emerging markets as aggressively as dash, giving $2.3 million to communities in the developing world.
Venezuela is set to begin using its "petro" cryptocurrency as an official accounting unit, according to the country's president.
Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token.
Paxful says business is surging in developing nations, where mobile phones are abundant and cheap, but access to exchange platforms remains scarce.
Developer Jonathan Wheeler plans to airdrop bitcoin across Venezuela, in an ambitious attempt at quelling the country's ongoing economic crisis.
Venezuela is reportedly launching a youth bank to be funded by the state's controversial cryptocurrency, the petro.