President Maduro has announced that airlines are flying from Caracas, the capital of Venezuela must buy fuel through Petro. Has Petro failed? Venezuela has suffered from political instability as well as hyperinflation across the last few years. The economic crisis dealt a great blow to bolivar, the national currency of the country that suffered great loss in its value. At the same time, cryptocurrencies were gaining momentum in the world, so the country decided to create a national cryptocurrency, Petro, that was backed by oil. The coin was aimed at reducing the pressure from US sanctions as well as providing
