Petro: Government Integration of the State Digital Currency
Can a government cryptocurrency save a country? In this virtual panel led by Jessica Walker of SiGMA, she interviews Gavin Brown, Associate Professor in Financial Economics, University of Liverpool, and Richard Ells, CEO of Electroneum.
In 2018 the president of Venezuela, Nicholas Maduro, launched El Petro (PTR) - a controversial cryptocurrency specifically created for Venezuelan citizens and designed to resolve the country's financial difficulties.
The panelists discuss the lessons from the Venezuelan government's efforts to integrate Petro into a drowning economy, its current state and situation, and whether other Latin American countries will follow suit?
The video was first shared on September 30, 2020.