China to Help Venezuela Propel Adoption of Petro Cryptocurrency

  • Alex Morris
    📰 News

    On top of investing a whopping $250 mln in Venezuela’s oil production, China is now betting on the success of the controversial Petro cryptocurrency


China to Help Venezuela Propel Adoption of Petro Cryptocurrency

Prensa Latina reports about a recent meeting between Venezuela representatives and financial advisors from China the purpose of which was to determine whether the recently launched oil-pegged Petro coin could serve as an international currency. The National Superintendent of Cryptoactives, Joselit Ramirez, claims that the alliance with China will accelerate the expansion of the Petro coin worldwide.

Cover image via u.today
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