Practically everyone by now have heard about the plans of Venezuela government to issue their own state-backed cryptocurrency El Petro. It will allow the country to reduce economical stagnation. But now there is an alternative, proposed by ATB Coin.
ATB coin creators proposed to implement their coin as a Venezuelan state cryptocurrency, thus eliminating several key hurdles along the way, such as lengthy development process, adoption delay by big exchanges and general populace. The transparency of working protocols, transaction security and speed, ability to work offline with codes for payment under “guaranteed check” principle – everything points to ATB Coin being a perfect alternative to, as of now, theoretical El Petro. Fast transactions will greatly help in real-world implementations and, of course, the public debt denominated in US dollars or Euros can be returned in a cryptocurrency that is not subject to inflation, which will greatly help the country's economical situation.
The latter is extremely important, since right now the country is in a lengthy spell of economical stagnation and suffers from increasing inflation. And ATB Coin project has significant experience in real sector of economy, not only working as a public fund transfer mechanism, but developing solutions for small and medium-sized businesses.
This announcement has already caused ATB Coin to more than double its price just in one day.