The Venezuela creates its own Bank of crypto-currency thanks to the Petro

The Venezuela has just announced that he would create his own crypto-currency Bank with to target young residents. The company will arrive on the market with 20 million Petro or a value of $ 1.2 billion with the help of the State.

the Petro, crypto-national currency of the Venezuela, will soon directly serve the interests of the country since the President Venezuela Nicolas Maduro has announced the creation of a Bank of crypto-currency in sight of the youth of the country. This announcement will no doubt encourage adoption of this digital currency in the economy local.

in addition, establishing a Bank of crypto-currency could lead to interesting developments across the country, but also to promote stability within it which is currently plagued by hyperinflation. Indeed, the population gets to a point or she prefers to put his investments in the bitcoin because such an investment is less risky than to stay in bolivar.

Nicolas Maduro does not intend to stop in so good way, he asked for the universities and schools to set up farms to crypto-currency without specifying if they were to focus on the Petro or on other digital currencies. In addition, he has announced, according to cryptonaute.fr, the future introduction of a second national crypto-currency, whose price will be backed by the gold reserves of the country and whose goal will be to support the Petro.

Finally, financing of the company could suffer the market gyrations, as if 20 million Petro represent in these times of $ 1.2 billion, they could well change depending on the market and especially the advances of the crypto-national currency of the country. As a reminder, the pre-sale of the Petro had resulted in a capital with a value of $ 3.8 billion for the country, to promote other future services from the State.

However, one thing is certain, all eyes are on the Venezuela.