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Petro News and Articles



Petro

Venezuelan stations will sell preferential gas for Petro

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Venezuela has announced that gas stations nationwide will sell gas at a reduced price in exchange for the state-owned cryptocurrency Petro. However, the government immediately removed local subsidies for gasoline, as a result of which its price rose to $ 0.02 per liter. The new regime will allow...

Petro

Petro is trading significantly lower than its real price

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The Venezuelan administrators say that Petro should be bargained for $ 80, although it can be found on the market at a price 10 times less. Venezuelan Petro was launched in 2018 to solve the problem of rampant inflation and economic shocks. However, the coin had more problems than expected. The...

Petro

Nicolas Maduro gives farmers loans in Petro cryptocurrency

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The Venezuelan authorities have begun lending to farmers in the Petro crypto, the country's President Nicolas Maduro said. During his television appearance, the Venezuelan leader emphasized that firms engaged in grain production have already begun to receive their first loans in national digital...

Petro coin

Venezuelans selling Petro on LocalBitcoins at half price

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Venezuelans, who got state crypto coins as a result of free distribution, now trade it on LocalBitcoins for half the official rate. The authorities of Venezuela lately carried a free distribution of Petro coins, as a result of which each citizen received 0.5 Petro. The authorities insist that the...

Nicholas Maduro

Maduro announces crypto casino to relief Petro

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President of Venezuela Maduro proclaimed the founding of a new crypto casino in a beaten country where betting rooms have all but gone dead. Maduro said that a new casino is going to be in Ávila National Park’s Hotel Humboldt. The new casino is going to work on Venezuela's national crypto coin...

President of Venezuela

Venezuela’s President Maduro promised to revive Petro Coin

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During his speech on the Constituent Assembly on January 14, Nicholas Maduro vowed to renew the country's flunked crypto coin for everything from federal payments to oil purchases. He mentioned that state-owned Petroleos de Venezuela SA is going to begin negotiations of 5000 barrels in Petros...

Venezuela oil and gold to be sold in Petro coin

Venezuela oil and gold to be sold in Petro coin

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Ever since cryptocurrencies came into existence, they have continued to grow. The latest nation to cash in the trend is Venezuela with its head of state announcing that the nation is set to release its cryptocurrency called Petro. While speaking to the journalists of El Nacional Nicolas Maduro...

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