Petro News and Articles

The president of Venezuela, Nicolas Maduro announced that the minimum wage in the country will be pegged to the value of half Petro (PTR), the national cryptocurrency of Venezuela. The monthly minimum wage will go up 18 times to around 26 bolivars ($28) by pegging it to the value of half PTR....

Venezuela decided to finance foreign trade operations in crypto. President Nicolas Maduro said that, first of all, Caracas wants to expand the use of the national crypto Petro. In addition to Petro, the government can use other digital currencies if necessary. The corresponding bill has already...

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...

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...

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...

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...

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...

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...

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...