http://www.bbc.com/news/world-latin-america-42217798BBC reports Venezuela is moving to Petro coin to fix economy. Will this help? Will it hinder things? Will it bring negative light to crypto? First country to go totally crypto?
Personally, I see more inflation and Petro failing terribly.
If this is a cryptocurrency that Venezuela is controlling, then I dont see how it would help. Their currency is virtually worthless from what I understand so the citizens value foreign currency like the US dollar or independent cryptocurrencies like Bitcoin that hold value. If its a cryptocurrency run by a bankrupt government, how can that hold any value?