Venezuela Sidesteps USD to Use Petro Token for Oil Sales Starting from 2019

2018-12-10 10:31

CoinSpeaker Venezuela Sidesteps USD to Use Petro Token for Oil Sales Starting from 2019 In 2019, Venezuela will start selling oil in exchange for Petros and bypass US-imposed sanctions.

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oil venezuela 2019 sales starting usd token

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Источник: coinspeaker.com

oil venezuela → Результатов: 21

Venezuela reportedly turns to USDT for oil export as US sanctions bite

Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…

2024-4-23 11:43	Venezuela
oil venezuela sanctions pdvsa fuel against exports

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Venezuela to Use Petro Cryptocurrency in International Oil Trade

The government of Venezuela recently announced the intended sale of its oil using the Petro cryptocurrency to circumvent U. S economic sanctions come 2019. Circumventing U. S. Sanctions According to Venezuela-based satellite tv, TeleSUR, Venezuelan President, Nicolas Maduro announced that country would create a basket of cryptocurrency for oil-backed state cryptocurrency, Petro.

2018-12-8 12:14
cryptocurrency oil petro venezuela announced sanctions using

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President Maduro Says Petro Crypto Expected To Be Used To Pay For Venezuela’s Oil Next Year

Venezuela has been struggling with hyperinflation for over five years now, and the economy continues to suffer as a result. Citizens have died of starvation, unable to even buy a meal for their family, while others look outside of the country to find something to eat.

2018-12-8 02:06	News
maduro venezuela president meal family buy even

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Venezuela to Sell Oil for Petro Cryptocurrency in 2019, Says Maduro

Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year.

2018-12-7 18:00
petro venezuela maduro oil use dollar token

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What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it. The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.

2018-12-1 22:18	Adoption & community
clue one cryptocurrencies cryptocurrency bitcoin category jeopardy

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Maduro Further Takes All the Imaginable Steps to Push the Adoption of His Petro Token

CoinSpeaker Maduro Further Takes All the Imaginable Steps to Push the Adoption of His Petro Token A new initiative of Venezuela aimed at boosting Petro adoption presupposes making it the main digital currency backed by oil.

2018-11-12 16:15
adoption petro all token maduro takes further

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Venezuela to Offer Petro Crypto as Oil Unit of Account at Upcoming OPEC in 2019

Petro is the state-backed currency of Venezuela, but they want to expand its use to be applied to oil as well. They are planning to present their option as a “digital currency of oil” at the Organization of the Petroleum Exporting Countries (OPEC) next year, according to a twitter post from PDVSA. The translated tweet […]

2018-11-10 01:04	News
oil opec currency venezuela petro countries exporting

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Maduro Says Petro Purchasers Can Exchange It For Any Crypto, Plans to Take Petro to OPEC in 2019

Allegations that Venezuela’s Petro cryptocurrency is all hot air hasn’t stopped President Nicolas Maduro from announcing a special exchange period for the Petro, and that he’ll be presenting it to the Organization of the Petroleum Exporting Countries (OPEC) next year as a unit of account for Venezuelan oil.

2018-11-10 23:00	Venezuela
petro maduro opec exchange 2019 purchasers says

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Venezuela to Present Petro at OPEC as the 'Digital Currency for Oil'

Venezuela is hoping the world's oil markets will start using its controversial national cryptocurrency, the petro.

2018-11-9 12:20
venezuela petro oil start markets using cryptocurrency

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Venezuela President Tells Citizens To Invest In Petro Cryptocurrency and Gold With Bonuses

Venezuela’s President Tells Citizens To Invest In Gold And The Petro Crypto Nicolas Maduro, the president of Venezuela, has been reported by the local media outlet Noticiero Digital to go to television and ask workers to invest in gold and in the Petro, the new state-backed cryptocurrency which will allegedly be backed by Venezuelan oil. […]

2018-10-19 22:14	News
petro venezuela gold invest president tells citizens

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Diamond-Backed Token Makes Debut On First Exchange

Blockchain is enabling the tokenization of physical commodities such as oil (Venezuela’s petro token), real estate and gold (Ekon coin). CARAT token is making its debut this week on Taiwan-based exchange Hotbit and it enables investors to hold digital coins that are backed by real diamonds.

2018-9-27 23:00
exchange token real debut makes diamond-backed blockchain

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Venezuela’s useless Petro cryptocurrency will hit international markets in October

Venezuelan President Nicolsic] will enter the streets to become a means for commodity exchange, purchase and convertible currency for the whole world,” Maduro said (via Sputnik News). Maduro has been pushing the Petro for some time.

2018-9-21 15:35	hard fork
maduro petro use conducting housing homeless declared

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Venezuela’s Cryptocurrency Petro Has No Users, No Investors and No Oil to Back It Up

The petro has stirred up a lot of debate among the cryptocurrency community. Some believe it is a successful example of using the technology to create resource-backed assets and bypassing financial sanctions.

2018-9-3 18:55	Venezuela
cryptocurrency petro investors venezuela users back oil

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Cryptocurrency, Venezuela’s Answer to Economic Obliteration?

As the Venezuelan people are plunged further into fiscal despair, the Maduro government is attempting to resuscitate the broken economy by pegging the petro, an “oil backed cryptocurrency,” to the bolivar.

2018-8-30 15:49	Dash
cryptocurrency venezuelan petro obliteration venezuela answer economic

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Could Cryptocurrency Be the Solution to Venezuela’s Problems?

Venezuela is the world's richest country in terms of oil. Yet its people are starving. With devaluation, hyperinflation and crisis is cryptocurrency the answer? The post Could Cryptocurrency Be the Solution to Venezuela’s Problems? appeared first on CoinCentral.

2018-8-25 23:59	Venezuela
venezuela cryptocurrency could problems solution crisis hyperinflation

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Venezuela’s Oil-Backed Cryptocurrency Petro will Officially be Second Alternative Currency

Petro Is Now The 2nd Alternate Currency In Venezuela It’s now official; Petro is the second accounting unit in Venezuela. According to a statement from the country’s president, Nicolas Maduro, the oil backed cryptocurrency will be officially used by the country’s state owned company PDVSA.

2018-8-17 19:40	News
petro officially venezuela country accounting unit cryptocurrency

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Oil-backed Petro Cryptocurrency Set to Officially Become Venezuela’s Second Unit of Account

President Nicolas Maduro of Venezuela has announced on August 14, 2018 that with effect from August 20, 2018, the petro cryptocurrency would officially become the second unit of account in the nation, as the central bank issued altcoin will be used extensively by state-owned oil firm, PDVSA and may also be used to pay workers’ salaries.

2018-8-16 16:00	Venezuela
petro unit account venezuela second officially cryptocurrency

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Venezuela Nationalizes Petro, Will Introduce Crypto-Based Salary System for Workers

Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA.

2018-8-16 00:26	Digital assets
petro new cryptocurrency salary venezuela system unit

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Maduro’s Petro cryptocurrency will be an official currency in Venezuela – like the Bolivar

In a bid to save Venezuela from hyperinflation, embattled President Nicolnezuela will have a second accounting unit based on […] the value of the Petro. ” Maduro declared in a televised address (spotted by Sputnik).

2018-8-14 12:46	Insider
unit accounting petro second maduro venezuela sputnik

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Venezuela’s Move to Crypto and away from State Sanctions and Inflation

In order to curb inflation in Venezuela, five zeroes will be removed from the national currency, the Bolivar according to July 26, 2018, reports. Furthermore, the value of the money will reportedly be tied to the government-controlled cryptocurrency, the Petro.

2018-7-27 23:00	Venezuela
venezuela inflation move crypto away sanctions state

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Venezuela’s Petro Is Cleaning Up Its Act

The Venezuelan Petro is a cryptocurrency that is very much used to being in the limelight. Not for being a technological revolution, more for its association with oil funding and funding from the Russian government.

2018-7-6 12:00	Cryptocoins
petro being venezuela funding oil act cleaning

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Venezuela: Record Bitcoin Buying Spree Continues Amid Hyperinflation

Hyperinflation is rampant in Venezuela as bitcoin trading volume keeps hitting new records each week. Meanwhile, authorities are scratching their heads on how to rein in the burgeoning, albeit underground industry, including attempts to crackdown on the importation of cryptocurrency mining equipment.

2018-6-22 03:00	Venezuela
venezuela bitcoin hyperinflation continues spree amid record

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Ecuadorian Presidential Candidate Proposes a National Cryptocurrency but It Won’t Replace the Dollar

An Ecuadorian presidential candidate hinted at creating a cryptocurrency in the country as part of its government agenda. Giovanny Andrade said that the national crypto aims to “facilitate” transactions across the country.

Report: Venezuela State Oversteps All the Limits as Pensioners are Now Forced to Use Petro

CoinSpeaker Report: Venezuela State Oversteps All the Limits as Pensioners are Now Forced to Use Petro Now elderly people in Venezuela will get their monthly pensions in the Petro, despite the fact that it still can’t be used.

Venezuela is Set to Use its Controversial Petro Cryptocurrency as an Official Accounting Unit

Petro cryptocurrency is to receive an official status of the Venezuelan second official currency, which is believed to be a tool for overcoming economic difficulties. The post Venezuela is Set to Use its Controversial Petro Cryptocurrency as an Official Accounting Unit appeared first on CoinSpeaker.

2018-12-10 10:31

oil venezuela → Результатов: 21

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