Manuel Quevedo, Venezuela’s minister of petroleum and the president of the nation’s oil company PDVSA, announced that the national cryptocurrency, the Petro, would be presented to the Organization of the Petroleum Exporting Countries (OPEC) as “the main digital currency backed by oil.” Quevedo also claimed: "Petro will become the digital currency of oil transactions worldwide; we will present it to OPEC, it is one of the internationalization measures of the currency."
