Venezuela’s government-backed cryptocurrency is not having the acceptance its cabinet expected, as the latest reports suggest. The petro’s creator, who now lives in exile, wants to build another crypto that gets the adoption its original creation did not in the nation.
Jiménez Believed the Petro Could Have Given Venezuelans a ‘Measure of Freedom’
Per a report published by Deutsche Welle, Gabriel Jimenez, a 31-year-old-programmer, is looking to pursue a “cryptocurrency revolution” in Venezuela with Reserve, a brand-new token he created.
Jimenez – now residing in the United States – is not a stranger to the crypto community, nor Nicolás Maduro’s government, as he was once commissioned to create the state-backed petro (PTR).
Interestingly, he wasn’t a fan of the government, as he actively participated in the street protests against Maduro. However, Jiménez thought that creating the petro token was an excellent idea to give Venezuelans “a measure of freedom” by bypassing U.S. financial sanctions.
But Jiménez’s expectations on oil-backed