2020-6-13 23:00 |
The government of Nicolas Maduro claims that 15% of fuel payments at petrol stations were made using the state-backed Petro token.
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Retail merchants in Venezuela are refusing to accept Petro payments as hyperinflation is causing massive devaluation upon liquidation of the crypto at the banks. Meanwhile, the country’s government has reintroduced price control inspectors as part of efforts to pressure stores into accepting the country’s state-issued digital currency.
2020-2-4 00:00 | |
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Venezuela's Petro digital currency remains mired in controversy. To add to the country’s economic worries some oil buyers have reportedly halted purchases in fear of violating U.S. sanctions.
2020-1-26 14:09 | |
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Coinspeaker Venezuelan President Nicolas Maduro Wants Airlines to Pay for Their Fuel in PetroVenezuelan President Nicolas Maduro asked airlines to pay for fuel using the PetroCard that will convert their currencies into Petro for payments.
2020-1-16 11:27 | |
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While Venezuela’s government remains committed to its Petro digital currency project, a leading fast-food restaurant in the country has announced to now start accepting cryptocurrency payments. In a recent twitter announcement, Burger King Venezuela has partnered with Cryptobuyer – payment platform – to enable customers to pay using Ethereum, Litecoin, Dash, BNB, Tether, and Bitcoin. […]
2020-1-6 21:50 | |
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Venezuelans including public sector workers, retirees and the military are set to receive a petro token handout this Christmas, so long as they register for the state's crypto payments platform.
2019-12-16 17:10 | |
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Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central de Venezuela’s (BCV) vaults to pay for oil and gas operations.
2019-9-28 20:45 | |
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The unique ability of cryptocurrencies to realize global payments is already used by several economies, mainly depressed or under sanctions. It seems that Russia intends to go this way – at the expense of nickel and palladium.
2019-7-26 02:02 | |
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The Venezuelan government is reportedly converting pension payments into its national cryptocurrency, the Petro. The post Venezuelan Citizens Forced to Receive Pension Funds in Crypto appeared first on CoinCentral.
2018-12-20 00:36 | |
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Pusers can still convert their Petros back into bolivars and transfer them to a bank account, but that option isn’t easily accessible on the website. The financial overhaul of the Venezuelan economy is based on a cryptocurrency called Petro, at least for the Maduro-led government.
2018-12-15 17:59 | |
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Russia has not discounted the idea of using state-issued cryptocurrency Petro in commercial operations with Venezuela. Russia: No Petro Payments ‘Yet’ Those were the words of deputy finance minister Sergey Storchak speaking to reporters this week, local news outlet RIA Novosti reported December 13.
2018-12-14 17:00 | |
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Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.
2018-10-10 22:30 | |
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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 | |
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GuildOne has partnered with Blockchain for Energy to pilot the first blockchain-based Integrated Joint Venture Management (IJVM) platform. Moving Power to Blockchain According to a Ledger Insights report published on June 3, oil and gas technology firm GuildOne has joined forces with Blockchain for Energy to initiate a blockchain-enabled pilot. For the uninitiated, several oilRead More