Venezuelans don’t want the Petro crypto
Venezuelans are desperate to rid of the Petro crypto recently airdropped to them by the gov’t and are now selling it on P2P marketplaces for half the price.
Latest petro News
Venezuela makes another attempt to revive petro
President Maduro has ordered all airlines operating from the capital Caracas to pay for fuel in the petro crypto as he looks to boost its uptake in Venezuela.
Venezuelan employees to receive Christmas ‘bonus’ in Petro
President Nicolas Maduro has told retirees, public employees and pensioners that they will be receiving a Christmas bonus.
Petro crypto ‘gifts’ await retirees, pensioners in Venezuela
The Venezuelan president is determined to see Petro used, paying pensioners their Christmas bonuses with the crypto.
Venezuela president not giving up on state-issued Petro cryptocurrency
President Nicolas Maduro said the state would pay “protectorates and states” the sum of 1 million Petros, twice per month, as a means of encouraging the crypto’s circulation.
Can Venezuela’s central bank store BTC, Ether?
Venezuela's central bank is looking into whether or not digital currency could bolster its international reserve figures, which are now approaching the lowest amount seen in 30 years.
Remittance platform for Venezuela’s Petro ready for use
Venezuela’s crypto is now ready to be used for remittances, but will that help anyone?
Venezuela now using BTC to avoid US sanctions in airports: report
Nicolas Maduro has reportedly approved the use of an app for collecting airport taxes which converts funds into BTC through several partners.
Maduro orders Venezuela’s leading bank to accept Petro
Maduro continues to push the Petro on his country hoping it can save the economy.
Venezuela and Russia discuss Petro based trade
Desperate to fix their trade situation, Venezuela might be close to convincing Russia to turn to Petro based trade.
US introduces sanctions against Russian bank over Petro financing
The U.S. Treasury Department has implemented blocks against Evrofinance Mosnarbank after it was allegedly shown to support Venezuela’s Petro cryptocurrency and was the “primary international financial institution willing to finance” the coin.
Venezuela’s Petro just got even more ridiculous
Although the Petro still has no clear definition, users of the crypto are going to have to dig deeper into their digital wallets, as the country is imposing a significant tax on all transactions.