Venezuela Urges 10 Other Countries to Adopt Its Oil-Backed Cryptocurrency

Maduro’s Proposal
Maduro held a meeting of the Bolivarian Alliance for the Peoples of Our America – Treaty of Commerce of the Peoples (Alba – TCP) on Friday. Alba consists of Antigua and Barbuda, Bolivia, Cuba, Dominica, Ecuador, Nicaragua, Saint Lucia, Saint Vincent and the Grenadines, Saint Kitts and Nevis, Grenada, and Venezuela.
I put on the table, brother governments of the ALBA, the proposal of the cryptocurrency, the petro, so that we assume it as one of the projects of the integration of the 21st century in a bold way, but also in a creative way.
An Ongoing Issue
Since its announcement in early December, Venezuela’s national cryptocurrency has been a topic of controversy. After assigning over 5 billion barrels of crude oil to back the new currency, Maduro ordered the issue of the first 100 million petros as well as organized a meeting of miners.
What do you think of Maduro asking 10 other countries to join in on the petro? Do you think they will adopt it? Let us know in the comments section below.We are proposing that the ANC [Constituent National Assembly] has to set up a special commission to deal with the cryptocurrency issue. Appoint a commission with groups of experts to constantly debate to see what legislation is needed.
Images courtesy of Shutterstock and the Venezuelan government.
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