Petro, the cryptocurrency pet project from Venezuelan President’s Nicolas Maduro, is causing headaches for the country. Retail stores in Venezeula are protesting the Petro by refusing to accept it as a payment method, local news reports. Retailers say that no supplier accepts the “cryptocurrency,” which means vendors have to exchange it for fiat. [Read: Maduro’s Petro cryptocurrency will be an official currency in Venezuela — like the Bolivar] Ordinarily this wouldn’t be too much of a problem, but because of Venezuela‘s wild hyperinflation, it’s putting vendors in a very tight spot. The Bank of Venezuela rolls the conversion rate from…
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