Petro News

In 2017, president of Venezuela, Nicolas Maduro, announced the development and issuing of an official Venezuelan cryptocoin — El Petro cryptocurrency — for Venezuelan citizens. According to the president, the Venezuelan digital currency Petro’s meaning for the country is a way to become more financially independent and to resolve all problems in the economy of the republic. El Petro cryptocurrency’s value is supposed to be dependent on Venezuelan reserves of oil, gold and diamonds. However, the technical aspects of issuing such virtual currency remain unknown. Most likely, the concept of the coin is still just in written form without any real implementation. In terms of Bitcoin and other altcoins, they have already become very popular in Venezuela, as its citizens use it to protect themselves against hyperinflation.
News
The Venezuelan army turns to crypto mining as the country's economy collapses.
Venezuelan army starts mining Bitcoin to make ends meet
Ezio Rojas
2020-11-30T19:55:54+00:00
12973
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Venezuela has announced a 90-day trial for a decentralized stock exchange supporting “alternative digital assets” and fiat currencies.
Venezuela trials ‘decentralized stock exchange’ that's open to the world
Samuel Haig
2020-10-02T06:56:34+01:00
13828
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Crypto garnered another mention in one of Maduro's bombastic speeches.
Maduro claims crypto will play role in fighting sanctions against Venezuela
Helen Partz
2020-09-30T14:42:44+01:00
8912
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The Venezuelan government has not yet announced partnerships capable of listing PTR abroad.
No, you can’t buy Venezuela’s Petro on any overseas exchanges
Felipe Erazo
2020-09-21T21:28:00+01:00
21061
News
Venezuelan mayors agreed to join the government’s plan to expand the adoption of Petro despite some municipalities not having the technology to handle it.
Venezuela May Soon Be Collecting Taxes in Crypto
Felipe Erazo
2020-08-12T06:10:00+01:00
5476
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The government of Nicolas Maduro claims that 15% of fuel payments at petrol stations were made using the state-backed Petro token.
Venezuelan Petro Payments May Be on the Rise
Felipe Erazo
2020-06-12T21:00:00+01:00
4506
News
The U.S. government issued a $5 million bounty to the supervisor of the Petro, but court documents suggest that crypto has little to do with alleged sanction ev...
US Government Puts Out $5 Million Bounty for Petro Supervisor
Andrey Shevchenko
2020-06-02T12:58:00+01:00
4577
News
Venezuelan petrol stations now support the state-issued Petro cryptocurrencies, however, the rollout comes amid an aggressive adjustment to the country’s petrol...
Venezuela Raises Petrol Prices, Mandates Support for Petro at Gas Stations
Samuel Haig
2020-06-02T10:22:00+01:00
9981

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