Venezuela President Maduro has an interesting opinion on how cryptocurrencies will work exactly. In fact, he is trying to bring more positive attention to the Petro by airdropping some to doctors helping out with the coronavirus pandemic. The Petro remains a very controversial cryptocurrency project. Petro Airdrop Won’t Make Much Difference Its value is seemingly...Read More
Venezuelan President Nicolas Maduro heralds the arrival of the Petro cryptocurrency, which can now be used to buy the nation’s vast oil reserves. | Image: REUTERS/Carlos Garcia Rawlins/File Photo 2020 could be the year Venezuelan oil will be finally exchanged for the Petro crypto. The national cryptocurrency is yet to find a use outside its...Read More
The president of Venezuela, Nicolás Maduro wants the nation state-issued cryptocurrency, petro (PTR) to have the same usability properties as a physical currency. On December 13, Maduro explained on national television that the Superintendence of Crypto-Assets and Related Activities (Sunacrip) will be airdropping 0.5 PTR ($30) next week to eligible citizens who register with the...Read More
The superintendente of “Nacional de Criptoactivos (SUNACRIP) in Venezuela, Joselit Ramírez, has appeared on national radio to encourage people to use the Venezuelan state-backed crypto asset, the petro. Ramírez reminded listeners that the “Sistema Patria” was now online for simple, secure remittance payments.Last year, the government of Venezuela became the first on the planet to...Read More
