Petro PTR

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USA Hunts the Man Leading Venezuela's Petro Currency

3 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

On June 1, the US Immigration and Customs Enforcement placed a $5 million reward on Joselit Ramírez, the chief of the National Superintendency of Cryptoassets, otherwise known as being the mind behind Venezuela’s petroleum-backed cryptocurrency, Petr...

In Venezuela, they offered to sell gasoline for cryptocurrency

2 Jun 2020 1 minute read 0 comments Kluma

President Nicolas Maduro ordered that all gas stations accept Petro for payment. It turned out that this is not possible yet The Venezuelan authorities will start selling gasoline to citizens at a rate of 5,000 bolivars or 2.5 cents per liter. Conver...

Venezuela Makes Struggling Petro Cryptocurrency a Payment Option for Fuel

2 Jun 2020 1 minute read 2 comments Abhimanyu Krishnan

According to an official statement published on May 31, Venezuela has added its struggling state-backed cryptocurrency Petro as a payment option for fuel in the country - but this follows the removal of fuel at subsidized rates, which essentially giv...

Bad news for Petro (PTR): companies denying to pay for fuel in the centralized Venezuelan digital currency.

27 Jan 2020 1 minute read 0 comments alberdioni8406

Recently the Venezuela Leader Nicolas Maduro, demanded that 4.5 Millions of barrels of crude to be sold by the National Firm that are responsable to provide the Oil in the country, using Petro PTR, in order to promote the digital asset. That wasn't t...