Venezuela’s Supreme Court of Justice Recognized Petro Cryptocurrency as Legal Tender

2018-11-3 18:55

Venezuela is determined to become the first Latin American crypto nation, and after several delays, its government finally announced the launch of the Petro as a cryptocurrency created to counteract several of the problems associated with the issuance of traditional fiat money.

As soon as the Petro was announced, the U. S. government began a vigorous […]

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President Maduro Forces Airlines to Buy Fuel Using Petro Cryptocurrency

Venezuela’s president, Nicolas Maduro, recently announced that he plans to revive the country’s oil-backed cryptocurrency Petro, which failed to attract users. Venezuela’s Petro: National cryptocurrency that failed The last several years have brought great economic difficulties for the country of Venezuela, whose native currency, bolivar, suffered a great loss of value due to extreme inflation.

2020-1-16 16:01


Crypto Community, World At Large Is Puzzled At The True Value Of The Venezuela’s Petro Coin

What Is The True Value Of The Petro Cryptocurrency From Venezuela? To-date, the value of the petro—the cryptocurrency from Venezuela that is supported by its oil revenues is yet to be established. This is despite the fact that the cryptocurrency is actually recognized and backed by the Venezuelan government. Government sources who have been questioned […]

2019-1-4 20:03


Venezuela’s Central Bank Unveils Android App for Bolivar to Petro Conversion

In a bid to push its new digital currency, the Banco Central de Venezuela, the country’s central bank, has recently launched an Android app. The app, known as “Calculadora Soberana”, allows users to convert their old Bolivar to the newly coined Bolivar Soberano, which is pegged to the country’s controversial Petro cryptocurrency.

2018-8-29 01:08


Ôîòî:

New Venezuela Bolivar A ‘Scam On Top Of Another Scam,’ Says Media

The government of Venezuela pegging its national currency to cryptocurrency Petro and relaunching is a “bigger stunt” than 1920’s Germany during hyperinflation. Scam Me Once… That’s according to a scathing report in Wired August 22, which cites a number of cryptocurrency industry sources describing the country’s latest bid to stabilize its economy as “pure nonsense” and a “smoke curtain.

2018-8-23 04:00


Ôîòî:

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


Ôîòî:

Venezuela Ties Own Currency to Sanctioned Petro as Maduro Talks of ‘Great Hope’

Venezuela will remove five zeros from its ailing currency, the bolivar, and peg it to its controversial Petro cryptocurrency, President Nicolas Maduro said in a public broadcast July 26. Maduro: Bolivar Will ‘Anchor Petro’ The Bolivar, which had become so inflationary that online gaming tokens such as World of Warcraft gold were a more stable store of value, is currently worth just $0.

2018-7-28 11:00


Venezuela’s Oil-Backed Petro Cryptocurrency To Finance Country’s Housing Project

As per an announcement reported via native news, Telesur, it is believed that the next use of Venezuela’s oil-based cryptocurrency, Petro has been established. The minister of the Habitat and Housing of Venezuela, Ildemaro Villarroel confirmed that new efforts are in place to provide housing to the country’s homeless through a project called “La Gran […]

2018-7-5 08:54


Ôîòî:

The Price Decline of Cryptocurrency is Trivial in Comparison to Venezuela’s Financial Woes

It is still believed cryptocurrency will have a positive impact, although it may not be in the form of Bitcoin or even the Petro. Venezuela and Nano Mix Well According to a recent Reddit thread, the financial situation in Venezuela is only getting worse. It is evident financial hardship has become the new normal in

2018-7-3 17:57


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