Latest petro News

Business 1 November 2018

Venezuela’s Petro goes on sale

The Venezuelan Petro has officially launched this week, after being made available for fiat and crypto purchases for the first time.​

Business 14 August 2018

Venezuela assembly wants a central bank for cryptocurrency

Not content with just developing its own cryptocurrency, Venezuela is now taking it a notch higher with a proposal to create a central bank for cryptocurrency as part of its efforts to link the Petro token to its new bolivar currency, according to a Reuters report.

Editorial 27 June 2018

Venezuela, how’s the Petro?

It has been over four months since the wildly hyped (and ridiculed) Petro ICO. And the token has been suffering one rejection after another.

Business 1 June 2018

India turns down Venezuela’s cryptocurrency deal

The government of India has rejected the state-backed Petro cryptocurrency despite Venezuelan President Nicolas Maduro’s offer of a 30% discount if India uses Petro to pay for its crude oil purchases.

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