You know things are not working out when you see such steps being taken. The Venezuelan President has raised the price of its National Cryptocurrency Petro from 3600 to 9000 sovereign bolivars. People are still showing on interest in buying the oil backed digital coin for which there is no wallet, just a confirmation receipt from the government. The idea never really took off. Wonder how long they will be able to play along this game before they just let the decentralized cryptocurrencies take over!

Written by

A devout futurist keeping a keen eye on the latest in Emerging Tech, Global Economy, Space, Science, Cryptocurrencies & more

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store