A long time he was announced, the first Cryptocoin of a state. Venezuela tries to create a state-regulated Alternative to Bitcoin, which is supposed to be covered by the national Oil reserves. Critics see in the Petro is just a further attempt by the Maduro-to enrich government.
Cryptocoin News: Venezuela’s Petro is now officially available for the mass market for sale
Really cried after that, certainly, no one, however, Venezuela was still the first state Cryptocoin on the market. Since the national currency, the Bolivar is subject to the policies of the socialist government of President Maduro for months, Hyper-inflation, from wich the population is more and more on the alternative market for crypto coins, no country of South America has a higher trading volume on BTC.
Instead of a solid and serious Alternative to BTC Venezuela has created, according to critics, however only a classic pyramid model, with Maduro and his entourage to enrich themselves. Bought the Petro-can are currently only available directly from the government of Venezuela or a Venezuelan stock exchange, which was nationalised completely.