Question

Venezuela launched its own cryptocurrency called Petro

• A. To overcome economic blockade imposed by US
• B. To improve investments
• C. To improve the country currency value
• D. To increase non-identified transaction
• E. None of the above

Answer 1

The correct option is A To overcome economic blockade imposed by US

With new official cryptocurrency, Venezuela hopes to overcome economic blockade imposed by US which has caused the country’s national currency Bolivar to lose around 57% of its value in the last four weeks.