A Look at Venezuela’s Other Cryptocurrencies, While the Petro Takes Center Stage

Financially troubled Venezuela, which is introducing the new, denominated, crypto-anchored “sovereign bolivar” this week, is also the birthplace of a number of alternative coins beside the state-issued, oil-backed national cryptocurrency, El Petro. Crisis-hit Venezuelans are actually using some of them in real life, according to the local crypto community.     

Also read: Coinhive Mints Quarter Million Dollars in Monero a Month, Report Reveals

El Petro in the Spotlight

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