Coin Ghost: where did the national cryptocurrency of Venezuela?
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In the Midst of the worst economic crisis in Venezuela's history, nowhere main «Savior» the country's national cryptocurrency El Petro. Venezuelans are not using Petro in everyday life. About it writes .
theEl Petro. What's wrong with her?
According to the investigation , isolated city Tapirira has 5 billion barrels of oil reserved in storage. Venezuelan President Nicolas Maduro claims that the national cryptocurrency of country El Petro backed by these reserves. However, locals have never seen a working oil rigs.
Turns out, the Venezuelan Petro cryptocurrency is almost never used. In four months Reuters journalists interviewed dozens of experts and explored reserves of oil. The coin is not traded on the stock exchange and not accepted in local stores.
We will Remind, earlier the President of Venezuela on the denomination of the Venezuelan Bolivar. The new currency is allegedly backed by El Petro, but the cryptocurrency has no clear guarantees.
One of the residents Tapirira complained to reporters at the terrible condition of local infrastructure. In the city there are no normal schools, roads in poor condition, and many people do not have enough money even for food.
A Reuters Reporter Brian Ellsworth summed up the main reason for the failure of the Venezuelan government.
A crypto-currency backed by the price of a barrel of Venezuelan oil, which is now estimated at $ 66. 380-kilometer zone around Tapirira is a large repository of crude oil. These stocks are supposed to be produced in the near future.
The Problem is that resource extraction will cost Venezuela $ 20 billion. Such money, and the main oil company, PDVSA also mired in debt.
The U.S. maintains a skeptical attitude and its citizens to invest in Petro. But Nicolas Maduro, on the contrary, Venezuelan banks to accept the cryptocurrency.
The citizens of Venezuela found their alternative. That though as-that to protect their financial savings, they Bolivar on the Dash.
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