If this will happen or not is too early to tell, but I don't think it will hurt trying it out as long as the currency remains open-source and public as most blockchain technologies. Even if it never were to happen it will at least introduce more people to cryptocurrencies in general and anyone is welcomed to use and benefit from Bitcoin or a more cheaper currency to use, Steem.
This is so true. I’m convinced that they will ultimately fail due to the tries to keep it centralized, but it is definitely not a bad idea how to improve the shit that is happening right now down there...
I'm sure they will fail. They are not interested in improving economy, this is only a desperate way to overcome Dept. of Treasury OFAC sanctions.
High level govt members (including the president and the VP) got their USD accounts frozen, among other restrictions. Some of them accused of drug smuggling.