Venezuela unveils virtual currency amid economic crisis — BBC News — “Venezuelan President Nicolás Maduro has announced the creation of a new virtual currency in a bid to ease the country’s economic crisis. He said the Petro would be backed by Venezuela’s oil, gas, gold and diamond wealth… Mr Maduro said the new cryptocurrency would allow Venezuela ‘to advance in issues of monetary sovereignty, to make financial transactions and overcome the financial blockade.'”
- Apple Pay users in the US to get buy now pay later option with iOS 16
- BIS reports on CBDCs in emerging markets
- Moroccan bank launches biometric payment card
- US digital bank introduces contactless payments rings
- Riksbank completes digital currency payments pilot