The Reality of Petro in Venezuela

When President Nicholas Maduro announced the launch of ‘Petro’, a new cryptocurrency in December 2017, Venezuelans and crypto fans, alike, rejoiced. According to the government, the coin was meant to supplement the Bolivar as well as help the nation overcome sanctions imposed both by the US and the EU. Further, details emerged that the coin... Continue Reading →

Solving Hyperinflation by way of Cryptocurrency

What is Hyperinflation? Hyperinflation refers to a very high and rapidly increasing inflation leading to a continuous increase in prices, cost of goods and money supply. Some of the impacts are: Unprecedented increase in money supply which raises the prices of goods and services Diminishing value of the local currency Hoarding of essential commodities Political... Continue Reading →

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