Saturday, 30 December 2017

Venezuela to back cryptocurrency launch with 5.3bn barrels worth oil

Venezuela to back cryptocurrency launch with 5.3bn barrels worth oil

OpeOluwani Akintayo with Agency Report 30 December 2017, Sweetcrude, Lagos — The government of Venezuelan has announced that its cryptocurrency to be launched in few days time, will be backed by 5.3 billion barrels of oil worth $267 billion. According to a report published by CNBC, the move is to pay off its debts caused …

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