Zero Hedge — The Post-Fiat World Begins: Venezuela’s Cryptocurrency A Necessity To Obtain A Passport

Summary:
This development in Venezuela could be viewed as a very real step away from Fiat currency and a very real step toward a permanent commodity-backed currency. A crypto currency that is actually a currency in the sense of a zero maturity liability issued by a sovereign nation that is exclusively accepted in exchange for at least some liabilities to the state.This is quite interesting since the Bolivar remains the unit of account. Zero Hedge The Post-Fiat World Begins: Venezuela's Cryptocurrency A Necessity To Obtain A Passport Tyler Durden

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Mike Norman considers the following as important: cryptocurrency, petro, Venezuela

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