Venezuelan Passport Fees Must Be Paid In Cryptocurrency Petro

According to recent news, Venezuelans can only pay for passport fees with state-backed cryptocurrency, the Petro. Venezuela has been in economic trouble, and two months ago, president Maduro changed tactic by issuing a new domestic currency which will scale down the volume of currency traded…

Venezuelan Banks Forced to Use Petro Cryptocurrency by President Maduro

Every bank in Venezuela must now use Petro – the oil-backed stablecoin of the controversial president Nicolás Maduro. Both public and private banks have been ordered to disclose all financial information in Bolivar, the country’s official currency, as well as in petro, which was launched…