Search results for "Venezuela"

Avatar by Nov 21, 2018

Venezuela wants to submit Petro to OPEC as a unit of account for oil

Venezuela will make an attempt to present the Petro as a unit of account for crude oil trading to the Organization of the Petroleum Exporting Countries (OPEC) next year. Manuel Quevedo, the President of the country…

Avatar by Oct 15, 2018

How to Get Free Bitcoin in Venezuela

Venezuela is currently going through a challenging economic period. The IMF predicts inflation may reach 1,000,000% by the end of 2018. As a result, many merchants and consumers are looking to use cryptocurrencies to trade products and save money.

Avatar by Aug 22, 2018

Petro backed Bolivar: For better or for worse, a historical moment for Venezuela

Venezuela’s President Nicolas Maduro made an announcement about a Petro backed Bolivar, but these radical changes weren’t official. Many doubted this…

Ian Karamanov by Aug 16, 2018

The Petro cryptocurrency to be Linked to Pension and Salary Systems in Venezuela

The Petro is seen by President Maduro’s supporters as a reliable and innovative way out of the country’s very harsh economic reality.

Avatar by Apr 4, 2018

Russia May Start Using Venezuelas Petro for International Transactions

We have written several times about Venezuela’s Petro and how it was being developed. Now, it seems that Russia is planning to accept the Petro for some international transactions. The measure can be seen as a way to support the Venezuelan regime that has been several times sanctioned by western countries including the United States and the European Union (EU).

Avatar by Mar 22, 2018

Trump Takes One More Step to Ban Venezuelan Cryptocurrency

The president of The United States, Donald Trump, has recently signed an executive order which has a few or more perks attached to it. It can be estimated from the recent report that the trading of the cryptocurrency (Petro) issued by Venezuela is legally prohibited.

Avatar by Mar 9, 2018

What do you need to know about Venezuelan Petro?

The President of Venezuela, Nicolas Maduro said that Venezuela had received 735$ million in the first day of the pre-sale of the national cryptocurrency petro. Currently there is no evidence for the invested capital that was presented. He added that tourism, gasoline and oil transactions could be made with petro.

Avatar by Feb 27, 2018

Russia Is Keen To Create Own Cryptocurrency Like Japan, Sweden, and Venezuela

As science moves forward, exponentially picking up speed, and the world is starting to reveal at the advances in technology that radically change the way we live and think, even the most traditional countries start to awaken to the concept of technological innovations. Some countries implement blockchain to try to create a real democracy, not […]

Avatar by Feb 24, 2018

Argentina and Poland Refute Transactions with Venezuela’s Petro

Venezuela, a country involved in a deep political and economic crisis has launched its cryptocurrency known as Petro. But some countries have already refuted possible transactions with this new virtual currency. Argentina and Poland, two countries with different economic, social and political ties with Venezuela have stated that they will not use the Petro for their products or services.

Avatar by Feb 23, 2018

Venezuela Starts Accepting Cryptocurrencies in Governmental Agencies and Gas Stations

We have heard about Venezuela’s oil-backed national cryptocurrency “the Petro.” The cryptocurrency has been launched some days ago, with a very limited support. Now, Nicolas Maduro has ordered consular services and gas stations to accept different cryptocurrencies, including the petro. At the same time, he hinted the possibility to create another cryptocurrency backed with gold.