Venezuela is hoping the world’s oil markets will start using its controversial national cryptocurrency, the petro.
Venezuelans Forced to Use Petro Cryptocurrency to Pay for Passports
Venezuelans must now pay for passports with the country’s controversial petro token, according to a report.
US Senators Seek Stronger Sanctions on Venezuela’s ‘Petro’ Cryptocurrency
A bipartisan group of U.S. senators are pushing for tighter sanctions against Venezuela’s state-backed cryptocurrency, known as the petro.
Venezuela to Adopt Controversial Petro Token in Global Trade
Venezuela’s president is ordering the use of the petro in international trade, despite doubts the token will be widely accepted.
Venezuela’s Petro Cryptocurrency Is a Gift to Future Generations
The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed.
Crypto Exchange AirTM Targets Troubled Markets With $7 Million Raise
Peer-to-peer cryptocurrency exchange AirTM has raised $7 million it says it will use to expand in troubled Latin American economies.
Venezuela’s Maduro Orders Banks to Adopt Petro Cryptocurrency
Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account.
Even If It Fails: Why Dash Could Have a Lasting Impact on Crypto Adoption
Few cryptocurrency projects are evangelizing in emerging markets as aggressively as dash, giving $2.3 million to communities in the developing world.
Venezuela to Peg Pension, Salary Systems to Petro Cryptocurrency
Venezuela is set to begin using its “petro” cryptocurrency as an official accounting unit, according to the country’s president.
Venezuela’s New National Currency Will Be Tied to the Petro, Says President
Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial “petro” token.
Bitcoin Exchange Paxful Reveals Plan to Reach Venezuela’s Unbanked
Paxful says business is surging in developing nations, where mobile phones are abundant and cheap, but access to exchange platforms remains scarce.
A Plan to Send Millions in Bitcoin to Venezuela Is Moving Ahead
Developer Jonathan Wheeler plans to airdrop bitcoin across Venezuela, in an ambitious attempt at quelling the country’s ongoing economic crisis.
Venezuelan President Launches Cryptocurrency-Funded Youth Bank
Venezuela is reportedly launching a youth bank to be funded by the state’s controversial cryptocurrency, the petro.
The Anti-Petro? Zcash Is Throwing Venezuelans a Lifeline
The creator of zcash has partnered with a startup called AirTM to help Venezuelans turn their inflated local currency into U.S. dollars, undetected.
Russian Official: Venezuela Won’t Be Paying Its Debt in State Crypto
A Russian Finance Ministry official has stated that Venezuela will not pay off its $3.5 billion debt using the petro.
Crypto Investors Should Stay Away from Venezuela’s Petro
Crypto enthusiasts around the world should send a strong signal to President Maduro that blockchain technology will not be used to support corruption.
‘Fake News’: Russian Official Reportedly Denies Involvement with Petro
A Russian official has called reports that the country helped Venezuela launch its controversial petro cryptocurrency “fake news.”
Report: Russians Helped Venezuela Launch the Petro
Time Magazine reported Tuesday that the Russian government helped Venezuela develop the petro cryptocurrency with the support of Vladimir Putin.
Venezuelan Politician Blasts US Sanctions as Petro ICO Goes Public
A politician from Venezuela’s ruling party has denounced U.S. sanctions against the petro, as the sale of the token opens to the public.
Trump Orders New Sanctions Against Venezuela’s National Cryptocurrency
A report Monday indicated that US President Trump might sanction Venezuela and its petro token.