CC News Letter 24 Feb The Venezuelan “Petro” – Towards A New World Reserve Currency?
Dear Friend, Venezuela has come out with a cryptocurrency that can challenge the global system. Another one is to follow soon. Peter Koenig writes about this earth shattering development, " As this article goes to print, Globovision TV quotes Venezuelan President Nicolas Maduro announcing the launch of a new cryptocurrency, the “Petro Oro”. It will be backed by precious metals. The launch of the new cryptomoney is scheduled for the next week. No details of the new offering are available at this point.“I do not want to rush things, but we have a surprise regarding the petro and the gold, which will have the same dimension as it has been related to oil, but it is the theme of next week,” the President says. The first public offering, the ‘Pre-sale’ of 38.4 million of the oil-backed “Petro” on 20 February, has raised US$ 735 million equivalent which is considered a great success." An Interview With Independent Journalist Andre Vltchek Also more stories from aro...