January 21, 2018

New oil-backed cryptocurrency aimed at ending market volatility

The first legally compliant digital currency based on a physical asset, OilCoin, was announced last month.

Each token will reportedly represent the value of one barrel of oil. A team of banking and technology managers, and US regulatory commissioners who launched the digital currency claim it would provide users with a safe haven from cryptocurrency volatility. Read more.


- What is OilCoin? The new US cryptocurrency explained - Finder
- Oilcoin Digital Currency Reserve - Oilcoin

- Enter the 'petro': Venezuela to launch oil-backed cryptocurrency (video) - Reuters
- Get Set for Petro, Venezuela's Crypto Answer to Bitcoin (video) - Bloomberg

- PetroDollar - CoinMarketCap

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