Struggling with hyper-inflation, Venezuela is going through a difficult period with the economic sanctions of the USA.. Venezuelan President Nicolas Maduro spearheaded the issuance of the first state-backed cryptocurrency Petro to combat hyper-inflation and economic woes, and a new plan was created for Venezuela’s economic freedom. There is no trace of Petro’s existence and use.. Because the Reuters team visiting Venezuela did not come across stores that can be bought with Petro, and besides, there are no important crypto money exchanges that list Petro.
These words are included in the Reuters article about the Petro, which is balanced with a barrel of Venezuelan oil and announced to be fixed at $60;
It seems that it is very difficult to find Venezuela’s Petro.. For four months, Reuters has been talking to many crypto experts and oil traders, conducting field trips, searching the digital transfer history of the coin and trying to get detailed information about this cryptocurrency. We couldn’t find any trace of his trade.. This cryptocurrency is not sold on any exchange and there is no store that accepts the Petro yet.
Venezuelan leaders are also making conflicting statements.. Maduro claims that $ 3.3 billion was obtained from the sale of the Petro, while stating that the coins are used for export.. On the other hand, when we reached Hugbel Roa, the minister involved in the project, we told him, “No one has used Petro yet, we haven’t earned any income.. The Petro is still under development.” >Follow us on Twitter to be instantly informed about the last minute developments, like our Facebook page and join our Telegram channel.