Petro (The Venezuelan Cryptocurrency)

In these times, where technology leads the vanguard and generates a trend to the digital age, marking the fact that in our country Venezuela is going through an economic crisis, marked by the lack of basic products (food, medicine and others). In addition to a financial blockade imposed by the United States, which prohibits free trade with Venezuela, threatening to punish anyone who wants to invest in our country.

In December 2017, President Nicolas Maduro made a risky decision and decided to create a cryptocurrency for Venezuela, trying to counteract the sanctions imposed by the United States and achieve boost investment in our country, taking advantage of the best of the Internet to allow money transactions between the countries and people without anyone being able to intervene or manipulate them.
The petro has advantages over other cryptocurrencies, because it is backed by the natural resources of our country (gold, oil, gas and diamond), considering that its value will be located at the price of a barrel of oil, this has generated great enthusiasm in the community of investors of cryptocurrencies and generate great expectations of how the international financial system will evolve.

The issue of cryptocurrencies is quite extensive and complicated, for my criterion the creation of this digital currency for Venezuela is a breakthrough, because in one way it is a way to democratize financial movements, regardless of the countries or the social strata of the country. investor. This is possible because of the blockchain technology used by digital assets, in which the decentralization of information allows a market without intermediation or manipulation of third parties, ensuring investment in our country, generating confidence and security, offering the possibility of buying with a part of its assets something tied to the real world, that is, to the price of raw materials, and to be able to diversify part of its risk.

The petro is the digital currency that comes to revolutionize the world of cryptocurrencies and will allow Venezuelans to carry out financial operations with other countries and even among the inhabitants themselves, without having the controls or warnings of blockages or sanctions generated by other countries.

Later we will continue to deepen on this topic, I thank the community for their comments and suggestions, this article is subject of debate, any comment is well received.