The official exchange of Venezuela has recently been launched, which takes the name of VEX (Venezuela Exchange), on which users will be able to convert their cryptocurrencies, such as Bitcoin (BTC) and Litecoin (LTC), into Petro (PTR) and the other way around.
In the statement we can read that this exchange is supported by the Sunacrip (Superintendencia Nacional de Criptomonedas).
The exchange can be accessed with the same credentials used for the PetroApp application.
It is interesting to note that through this platform the user will be able to control and manage various cryptocurrencies in addition to Petro (PTR), including Bitcoin (BTC) and Litecoin (LTC). It will therefore be possible to buy and sell these assets as well.
It is not just a crypto-to-crypto platform; you can, in fact, connect your current account and transfer the converted funds into the local fiat currency.
Among the supported currencies we also find Dash (DASH).
Venezuela is proving to be a country that is increasingly attentive to cryptocurrencies (a fact that also emerged from the data published by LocalBitcoins).
In Venezuela, in fact, even the payment of fuel can be made using digital currencies.
In this country, especially DASH is the cryptocurrency that is enjoying the most success, perhaps due to its speed and lower fees than those of Bitcoin.
Surely such a system simplifies the exchange of petromoneda.
We must note that this involves interacting with a centralized and governmental platform; therefore all the exchanges that will be made within the same platform will inevitably be tracked and recorded.
Thank you for taking the time to read this article.