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RE: Oil Backed Cryptocurrency - Venezuelan President Issuing First 100 Million Petros

in #cryptocurrency7 years ago

Another coin coming out of the virtual mint. If this trend continue, countries will start using cryptos rather than fiat currencies. The banks won't be very happy if that happens. Thanks for the informative news.

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Good - the banks have been digging us into a deeper and deeper hole of debt based economy for too long.

Banks are not going to suffer, they are already planning to have their own coin. Western Union and Paypal are weaker than banks in my opinion. Transfering money from one side of the world to other zone of the universe is faster now. "THE INTERNET IS GOING TO EAT YOUR BUSINESS." Andrea was so right in this phrase!

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