Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.
ADVERTISEMENT
CRYPTO INSIDER: Venezuela launches a cryptocurrency
The petro is aimed at being a hedge against rampant inflation in Venezuela.
ADVERTISEMENT
Venezuela has officially launched the sale of its commodity-backed cryptocurrency, the petro. The coin is meant to be a workaround to avoid sanctions against Venezuela's official currency, the bolivar, which has been rocked by hyperinflation.
Here's what you need to know in crypto today:
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Best live dealer casino: Top USA live casinos online
Best real money online casinos USA: Top 10 casino sites in 2024
OPEC excited about partnership with Namibia
The US loses to Russia and China in popularity across Africa
Top 10 most valuable South African brands in 2024
Africa's giants play tug of war for the top economic spot
Morocco is making giant strides to become Africa's aviation manufacturing hub
Hackers test their ransomwares in less protected regions like Africa before striking richer nations: Report