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.
Latest Venezuela News
Bittrex International shuts down operations in 31 countries
The exchange will officially shut down operations on October 29, blaming it on regulatory uncertainty.
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.
Cuba unveils plan for cryptocurrency as fiat falters
Cuba has confirmed it is considering plans that could introduce a national cryptocurrency, in a bid to revive the country’s flagging economy.
Paxful expands into developing countries with AirTM partnership
Paxful and AirTM both hope to expand their services with the new partnership, increasing access to cryptocurrency in new regions.
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.
Venezuela launches a crypto remittance service
Venezuela is launching a new remittance service for cryptocurrencies, in an effort to save their failing economy.
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.