Venezuelans Tend to Trust in Bitcoin More than in Bolivar or Petro
Dec 17, 2020 at 07:10
Venezuela is amidst one of the toughest economic recessions in the country’s history. To reinforce their standing, its citizens turn to Bitcoin. The flagship cryptocurrency tends to be more stable than the Bolivar, or the Petro, an oil-backed crypto issued by the Venezuelan government.
Venezuela Applies Cryptocurrency-Based Solutions to Bypass Sanctions
Dec 14, 2020 at 07:06
Venezuela faces lots of issues due to the sanctions imposed by the United States of America against the authoritarian regime of President Nicolas Maduro. Therefore, its citizens face the need for tools and ways that would allow them to circumvent the economic crisis in the country.
Venezuela Ready to Sell Oil and Gas for Petro Cryptocurrency
Jan 04, 2020 at 05:50
President Nicolás Maduro, states that, from 2020, oil will be sold for Petros, the cryptocurrency developed by the Venezuelan government. He assured that this year the country's oil production will be sold in their own oil-backed stablecoin.