In May Maduro announced the launch of a Petro-funded crypto bank to support youth and students initiatives. The Venezuelan minister of habitat and housing has announced the government is planning to fund the " Great Mission for Venezuela 2010 " , an initiative to make Venezuelan housing more accessible to the homeless , using the national cryptocurrency petro . The president has authorised a budget of $ 750,000 , as well as 909,000 grants , for the new project . More than two million houses have been built to date . The heavy inflation of the Venezuelan bolivar has meant that petro is a " protective currency " for house construction .
The Venezuelan minister of habitat and housing has announced the government is planning to fund the " Great Mission for Venezuela 2010 " , an initiative to make Venezuelan housing more accessible to the homeless , using the national cryptocurrency petro . The president has authorised a budget of $ 750,000 , as well as 909,000 grants , for the new project . More than two million houses have been built to date . The heavy inflation of the Venezuelan bolivar has meant that petro is a " protective currency " for house construction .