Venezuela to Use Petro Cryptocurrency in International Oil Trade

2018-12-8 12:14

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.

The sale of oil using […]

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

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2018-12-1 22:18


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Blockchain Technology-Based Oil and Energy Platform Primed to go Live by 2018 End

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2018-11-15 22:00


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


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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


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Venezuela Officially Launches State-Owned Petro Coin

Cryptocurrency, Petro Coin–In a move that could have potential ramifications for cryptocurrency and economies around the world, Venezuela has officially launched the first state-backed “cryptocurrency” in the form of the Petro coin.