Venezuela to calculate social benefits in state-backed crypto – President Maduro — RT Business News

https://www.rt.com/business/522727-maduro-crypto-social-benefits/

Venezuela’s President Nicolas Maduro has announced that social benefits would be calculated based on state-owned oil-backed digital coin, the petro, as the sanctions-hit country is facing severe economic crisis and hyperinflation.

“I can announce today a proposal that I have approved … which is to ‘petrolize’ the social benefits of public workers of the central, the decentralized administration and of the state public companies, [rebalance] them with the petro [cryptocurrency],” Maduro said, speaking in Caracas on Saturday.

The One World Digital Currency is moving to implementation fast! Your paper money will soon be worth what they say its worth..

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