What you need to know about the world of cryptocurrencies in Venezuela.
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Venezuela enters the world of cryptocurrencies
The day arrived and in Venezuela the pre-sale of Petro the 1st cryptocurrency backed by real goods was opened, in this case by 5,000 million barrels of oil from the Orinoco Oil Belt. That is why in Venezuela experts in the field say that this is the first official digital currency in history in the world and add that it will go to the service of all Venezuelans. It should also be noted that its price will be based on the value of a barrel of Venezuelan oil, ie, $ 58.25 per barrel at today's price, Wednesday, February 21, 2018.
In the Ayacucho Hall of the Miraflores Palace in Caracas, the President of the Republic of Venezuela made the launch of the Petro to the national and international market on Tuesday, 20, 2018. The President of the Republic Nicolás Maduro Moro informed that the Russia's Zeus company will be responsible for the technology platform for Petro transactions, also using the NEM (New Economy Movement) platform. He also referred to the security and shielding presented by this new technology and highlighted that more than 5,000 miners have been registered in the Blockchain page in Venezuela to start the process of legalization of mining in the country and who have in turn machines Chinese manufacturing of national.
According to information, this cryptocurrency may be used in the acquisition of goods and services and may be redeemable in other cryptocurrencies and for fiduciary money through digital exchange houses.
In the event, the collection in cryptocurrencies was authorized in all international fuel stations owned by Venezuela. To Pdvsa and other subsidiary companies of the state to make their purchases and sales in this digital currency, to pay for all consular services in Petros or another cryptocurrency and also in tourism services.
To finalize this information it is worth mentioning that during the ceremony, the president called on all the savings banks in the country to join the cryptocurrency production system and thus acquire this digital currency and contribute its benefits to its workers. .
Ramonosky