Venezuela halts controversial Petro cryptocurrency

Petro to Bolivar: Venezuela’s Fading Cryptocurrency

Venezuela’s once-touted cryptocurrency, the Petro, is now being converted to the country’s ailing local currency, the bolivar, according to a report. The Petro’s journey from being hailed as a solution to the country’s economic woes to converting into the very currency it was supposed to replace underscores the rapid downfall of this experiment in digital currency.