Venezuelan Passport Fees Must Be Paid In Cryptocurrency Petro

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 at the moment. The Bolivar Soberano will essentially be a … Continue reading Venezuelan Passport Fees Must Be Paid In Cryptocurrency Petro

Reuters Report Questions Whether The Petro Even Exists, ”No Evidence That Anyone Has Been Issued A Petro”

Reuters Report Questions Whether The Petro Even Exists, ”No Evidence That Anyone Has Been Issued A Petro”

A fresh special report from Reuters is now casting some doubt on the viability – and even the very existence – of Venezuela’s state-backed cryptocurrency, the Petro. The cryptocurrency community has been ripe with skepticism towards the Petro ever since President Nicolas Maduro, Venezuela’s controversial leader, announced the digital currency this February. According to Venezuelan … Continue reading Reuters Report Questions Whether The Petro Even Exists, ”No Evidence That Anyone Has Been Issued A Petro”

Venezuelan Banks Forced to Use Petro Cryptocurrency by President Maduro

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 in February under suspicious circumstances and has been widely considered … Continue reading Venezuelan Banks Forced to Use Petro Cryptocurrency by President Maduro

International Experts: Venezuela’s Petro is a Scam on Top of Another Scam

International Experts Venezuela's Petro is a Scam on Top of Another Scam

Venezuela has been fighting their economic crisis now for quite a while now, and this most recent news from Wired did not make the situation better. The cryptocurrency, earlier created, petroleum backed that has now proved to be a scam on top of a scam. Venezuela’s president Nicolás Maduro stated, a few days ago, that … Continue reading International Experts: Venezuela’s Petro is a Scam on Top of Another Scam