The petro gold is a gold-backed cryptocurrency announced in a televised speech given by Venezuelan President Nicolás Maduro on February 21, 2018. It was not clear whether the gold backing the tokens would be actual gold reserves or some kind of share of the country's untapped mineral wealth.
See also[edit | edit source]
References[edit | edit source]
- Venezuela to Launch Second Cryptocurrency: 'Petro Gold', Caracas: teleSUR, 22 February 2018, retrieved 2018-02-23
- Brian Ellsworth, Ana Isabel Martinez (February 21, 2018), Venezuela aims for crypto alchemy with new 'petro gold' token, ReutersCS1 maint: Uses authors parameter (link)
- David Gilbert (February 22, 2018), "Venezuela is launching yet another cryptocurrency to save the economy", Vice News
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