{"id":13134,"date":"2018-11-08T00:00:00","date_gmt":"2018-11-07T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2018\/11\/08\/can-dash-or-the-petro-save-venezuela-from-hyperinflation\/"},"modified":"2021-09-18T11:36:30","modified_gmt":"2021-09-18T11:36:30","slug":"dash-venezuela","status":"publish","type":"post","link":"https:\/\/wp.dash.org\/news\/dash-venezuela\/","title":{"rendered":"Can Dash or the Petro save Venezuela from hyperinflation?"},"content":{"rendered":"
From the moment Venezuela announced its own state-backed digital currency, the petro has remained one of crypto\u2019s biggest riddles, wrapped in a mystery, inside a socialist enigma. And while the government\u2019s new website swears \u201cthe petro is a reality,\u201d recent events have done little to change the perception that it isn\u2019t.<\/p>\n
Last week, President Nicol\u00e1s Maduro\u2019s government announced\u2014for at least the third time\u2014that the petro cryptocurrency would be open for business. For nearly a year, Maduro has positioned the petro as a means to escape both economic inflation and U.S. sanctions. Meanwhile, cryptocurrencies, such as Dash, have continued to gain popularity among Venezuelans in search of relief from the ever-devaluing bolivar.<\/p>\n
But despite the parade of government officials holding \u201cproof of purchase\u201d certificates before state-media cameras, the petro wallet disappeared from the Google app store over the weekend, leading skeptical observers to wonder\u2014once again\u2014just how real the petro actually is.<\/p>\n
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From the moment Venezuela announced its own state-backed digital currency, the petro has remained one of crypto\u2019s biggest riddles, wrapped in a mystery, inside a socialist enigma. And while the government\u2019s new website swears \u201cthe petro is a reality,\u201d recent events have done little to change the perception that it isn\u2019t.<\/p>\r\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[216],"tags":[],"class_list":["post-13134","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\n