Cambodia is considering the development of its own national cryptocurrency after being inspired by the launch of the Venezuelan Petro in February.

The Cambodian crypto project would be named Entapay, and is expected to be proposed at a blockchain summit of Southeast Asian nations in its capital, Phnom Penh, on Wednesday, which will be attended by the country’s deputy prime minister, Men Sam An.

A press release issued ahead of the summit described Entapay ambitiously as “the connection between integration payment of encrypted currency and the real world. It has the great potential to even replace Visa as the new mainstream payment mode.”

It also referenced the creation of the Petro as a means to “assist the country in avoiding the Western world’s economic sanctions.”

Plans for Venezuela’s homegrown digital currency, backed by the government’s oil and natural resources, were first announced by President Nicolas Maduro in December, as a means to supplement the country’s plummeting bolivar fuerte.