Enter 'petro': Venezuela to launch oil-backed cryptocurrency

http://feeds.feedburner.com/~ff/Reuters/worldNews?d=yIl2AUoC8zACARACAS (Reuters) - President Nicolas Maduro said on Sunday Venezuela would launch a cryptocurrency to combat a U.S.-led financial "blockade," although he provided few clues about how the economically crippled OPEC member would pull off the feat.

from Reuters: World News http://www.reuters.com/article/us-venezuela-economy/enter-petro-venezuela-to-launch-oil-backed-cryptocurrency-idUSKBN1DX0SQ?feedType=RSS&feedName=worldNews