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Venezuela’s Maduro Mandates Petro Use in Funding of Social Housing Project

Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative......»»

Category: forexSource: coindeskSep 20th, 2019

President Maduro Orders The Bank Of Venezuela To Accept Petro Crypto

Authored by Adrian Zmudzinksi via CoinTelegraph.com, Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency, the P.....»»

Category: blogSource: zerohedgeJul 5th, 2019

Venezuela’s Maduro Orders Top Bank to Make Petro Available to Public

President Maduro has ordered the Bank of Venezuela to open public counters for his controversial cryptocurrency, the petro......»»

Category: forexSource: coindeskJul 5th, 2019

Venezuela offers India 30% discount on crude but with cryptocurrency rider

Offers 30% discount on crude oil purchases made in Petro.....»»

Category: topSource: business-standardApr 28th, 2018

Venezuela Offers India 30% Discount On Oil...If It Pays In Crypto

Authored by Tsvetana Paraskova via OilPrice.com, Venezuela has offered India a 30-percent discount on crude oil purchases, but only if India agrees to pay in El Petro, the cryptocurrency that Venezuela is touting as the first national digital cu.....»»

Category: blogSource: zerohedgeMay 2nd, 2018

Venezuela To Fund Housing For Homeless With National Cryptocurrency Petro

Authored by Ana Berman via CoinTelegraph.com, The Venezuelan Minister of Habitat and Housing Ildemaro Villarroel has announced that the co.....»»

Category: blogSource: zerohedgeJul 6th, 2018

Venezuela Has a Dubious Plan to Fight Hyperinflation and It Involves Its Cryptocurrency, the Petro

Venezuela Has a Dubious Plan to Fight Hyperinflation and It Involves Its Cryptocurrency, the Petro.....»»

Category: europeSource: fortuneJul 26th, 2018

Venezuela"s New Petro-Backed National Currency To Start Circulating In August

Authored by Helen Partz via CoinTelegraph.com, The president of Venezuela Nicolás Maduro has announced that the country’s new cryptocurrency-backed national currency will start circulating August 20, local state news agency Telesur report.....»»

Category: blogSource: zerohedgeJul 26th, 2018

A cryptocurrency is making huge inroads in Venezuela as inflation runs wild — and it"s not bitcoin or the Petro

Ryan Taylor/Dash Core Group Venezuela is currently suffering from hyperinflation and the president recently devalued the currency by 95%. Locals are turning to cryptocurrencies as a more stable sto.....»»

Category: topSource: businessinsiderAug 22nd, 2018

Venezuela"s Maduro Orders Banks to Adopt Petro Cryptocurrency

Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account......»»

Category: forexSource: coindeskAug 28th, 2018

Inside Venezuela, few signs of Maduro"s cryptocurrency

Venezuelans have heard a steady drum beat of state propaganda about the new oil-backed cryptocurrency Petro, but many have no idea what it's about......»»

Category: videoSource: reutersAug 30th, 2018

Venezuela"s Petro Cryptocurrency Is a Gift to Future Generations

The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed......»»

Category: forexSource: coindeskSep 2nd, 2018

US Senators Seek Stronger Sanctions on Venezuela"s "Petro" Cryptocurrency

A bipartisan group of U.S. senators are pushing for tighter sanctions against Venezuela's state-backed cryptocurrency, known as the petro......»»

Category: forexSource: coindeskOct 5th, 2018

The Post-Fiat World Begins: Venezuela"s Cryptocurrency A Necessity To Obtain A Passport

The case for cryptocurrencies sure looks to have gotten stronger over the past week and Venezuela's "Petro" looks like it may be the concept's first "beta test" on a country-wide scale.   We recently reported that the Yale endowment had i.....»»

Category: blogSource: zerohedgeOct 6th, 2018

Venezuela Officially Launches Sale Of Controversial Petro Coin For Fiat, Crypto

Authored by Ana Berman via CoinTelegraph.com, Venezuela’s controversial state-owned cryptocurrency the Petro is now available for purchase for fiat and crypto, Venezuelan Economy Department announced on Twitter Monday, Oct. 29. image cour.....»»

Category: blogSource: zerohedgeOct 30th, 2018

Venezuela to Present Petro at OPEC as the "Digital Currency for Oil"

Venezuela is hoping the world's oil markets will start using its controversial national cryptocurrency, the petro......»»

Category: forexSource: coindeskNov 10th, 2018

Venezuela to Sell Oil for Petro Cryptocurrency in 2019, Says Maduro

Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year......»»

Category: forexSource: coindeskDec 7th, 2018

Report: Venezuela Is Forcibly Converting Pension Balances to the Petro

Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency......»»

Category: forexSource: coindeskDec 12th, 2018

How Venezuela’s Economic Meltdown Has Hit Pensioners Where It Hurts the Most

Venezuela Is paying out pensions in its worthless cryptocurrency, the Petro Venezuela’s government has begun making pension payments in its cryptocurrency, the Petro, instead of the sovereign bolivar, according to a report from.....»»

Category: europeSource: fortuneDec 17th, 2018

Venezuela Calls US Sanctions Against Its Petro Cryptocurrency ‘Discriminatory’

Venezuela has filed a complaint against the U.S. with the World Trade Organization, highlighting sanctions against the petro as one issue......»»

Category: forexSource: coindeskJan 9th, 2019