PetroCoin
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Can you guess which country created its own national cryptocurrency? šŖš
Itās Venezuela.
In 2018, the government launched the Petro (PTR) a state-backed digital currency tied to the countryās oil reserves.
It was the first national cryptocurrency ever created and an attempt to escape inflation and sanctions.
Butā¦ it didnāt go as planned.
Most people didnāt trust it, and adoption was low.
Still, it opened the door for central bank digital currencies (CBDCs)
Now, dozens of countries are exploring their own digital money.
#CBDC #DigitalCurrency #BinanceFeedElite #PetroCoin #CryptoWorld
Itās Venezuela.
In 2018, the government launched the Petro (PTR) a state-backed digital currency tied to the countryās oil reserves.
It was the first national cryptocurrency ever created and an attempt to escape inflation and sanctions.
Butā¦ it didnāt go as planned.
Most people didnāt trust it, and adoption was low.
Still, it opened the door for central bank digital currencies (CBDCs)
Now, dozens of countries are exploring their own digital money.
#CBDC #DigitalCurrency #BinanceFeedElite #PetroCoin #CryptoWorld
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