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Question

Venezuelan President Nicolas Maduro has announced the creation of a new virtual currency in a bid to ease the country's economic crisis. What is its name?


A

Petro

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B

Litecoin

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C

Zcash

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D

Dash

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E

Monero

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Solution

The correct option is A

Petro


Venezuelan President Nicolas Maduro has announced the creation of a new virtual currency named 'Petro' in a bid to ease the country's economic crisis. Crypto Currencies or Virtual Currencies are a type of unregulated digital money that is neither issued by central bank/public authority nor is necessarily attached to fiat currency but is used and accepted among the members of the specific virtual community.


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