I've examined Venezuela has had difficult instances with an awful economic basis and extreme inflation in the beyond few years. blockchain has already brought incredible adjustments to the world, and assisting a country's crippling economy upward push again is one greater extra accomplishment to this era's track document. I'm hoping petrol can be released efficaciously without any politics involved.
I have not studied about petrol. however, if it were to be implemented, I'm hoping they could work something with the delivery so that the buying strength of petrol is not that volatile as btc's. speed and transaction problems must additionally be taken into consideration as petro will be used for everyday transactions just like fiat.
thanks @zer0hedge
Any currency is going to be volatile until the backing agency is on solid ground.
The challenge with the oil crypto is it is being backed by VZ...a country shown to not be very good at protecting its currency. Money mismanagement is still the same.