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- Venezuela will use its shady oil-backed cryptocurrency to fund housing for homeless
Posted by : Brij Bhushan
Thursday 5 July 2018
Spend any reasonable amount of time delving into cryptocurrencies and sooner or later you’ll read something like: “together it is possible to build history, we are at the technological forefront of the world,” or “today, a cryptocurrency is being born that can take on Superman.” Usually, it’s a fresh-faced, eager team of international software developers and entrepreneurs hyping up their revolutionary tokenizing blockchain set for alpha release in 2022. Those quotes, though, come from Nicolás Maduro – notoriously hardline ruler of Venezuela – who revealed plans to launch the country’s first national cryptocurrency Petro back in February. Now, in July,…
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