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VENEZUELA INVITES OPEC COUNTRIES TO JOIN DEVELOP OIL CRYPTO PLATFORM
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Venezuela’s president Nicolas Maduro has invited all OPEC nations to jointly develop a platform for the trading of oil-backed cryptocurrencies. Venezuela is preparing for a pre-sale of the petro, its oil-backed cryptocurrency which can be used to pay national taxes, fees, and public services.
Inviting OPEC Nations
During the meeting on Tuesday with Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Mohammed Barkindo, Maduro proposed for all OPEC nations to come together and develop a platform for the trading of oil-backed cryptocurrencies.