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August 20, 2018 07:09 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Rqh-ouUoyRk/
Venezuela ties its currency to a state-run cryptocoin
Venezuela has just taken drastic and unprecedented steps to stabilize its currency as it grapples with hyperinflation and other economic issues. The country's currency has not only been massively devaluated and renamed, but is now tied a state-issued cryptocurrency called the Petro, which itself fluctuates based on oil prices. Hardly anyone knows what to expect out of this.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Rqh-ouUoyRk/
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