Venezuela Finally Launches Controversial State-issued Petro Cryptocurrency

Venezuela Finally Launches Controversial State-issued Petro Cryptocurrency
ôîòî ïîêàçàíî ñ : bitcoinist.com

2018-10-7 17:00

Venezuela’s President Nicolas Maduro recently announced the official launch of the Petro cryptocurrency. In a follow-up development, the government says payment for travel passports will now be made in Petro.

  Petro Public Sale Starts November 2018 According to RT News, the Petro public sale commences on November 5, 2018, more than eight months after its presale in February 2018. For President Maduro, the state-issued cryptocurrency is a vital part of his administration’s economic recovery plan.

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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

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Venezuela Citizens See ‘No Sign’ of National Petro Cryptocurrency

Amidst a mounting economic crisis, Venezuela’s oil-backed cryptocurrency the Petro is nowhere to be found. Numerous reports indicate an almost non-existent usage within the country. ‘Hard to Spot Almost Anywhere’ According to a report from Reuters dated August 30th, the Venezuelan town of Atapirire has not yet reaped the fruits of Venezuela’s oil-backed cryptocurrency efforts.