Venezuela is using its national cryptocurrency, the petro, to compensate Russia for automotive parts and components. Launched the first day, the petro is the first state-sponsored virtual coin, and is backed by Venezuela’s crude oil reserves.
Venezuela is using its national cryptocurrency, the petro, to compensate Russia for automotive parts and components. Launched earlier this year, the petro is the first state-sponsored virtual coin, and is backed by Venezuela’s crude oil reserves.