Cryptocurrency Analysis and News Portal
Sunacrip, the Venezuelan cryptocurrency watchdog, has announced a set of improvements to its Petroapp wallet, allowing Venezuelans to use the petro (PTR) for new functions. The app now has an embedded cryptocurrency exchange that allows users to exchange petros for other currencies, and a series of gift card and payment
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For smaller merchants, who work in dollars, the only thing that matters is the U.S. currency. “For us, the bolivar is practically irrelevant. We pay suppliers in dollars, all prices are dollarized. The only payments in bolivars are basic services, such as water, electricity and telephony,” Ernesto said. Original Source
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The exit deprives Venezuela's crypto scene of its second-largest P2P exchange. Source
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Nicolas Maduro, a former bus driver and Venezuela’s sitting president, has announced a campaign to support his country’s medical staff amid the coronavirus pandemic by airdropping one Petro to each doctor.The ‘Doctors of the Homeland’ initiative will see each Venezuelan doctor air-dropped one of the administration’s oil-backed Petro cryptocurrency
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The global coronavirus lockdown has put a strain on Venezuela’s internet, which could logically make crypto participation difficult.As much of the world hunkers down in quarantine, people logically turn to internet-based services for work, as well as a way to pass the time. This mass movement has put significant
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Venezuelan President Nicolas Maduro announced a Christmas gift for his countrymen. All Venezuelans, including public sector workers, retirees and military personnel are set to receive half of el Petro cryptocurrency as a present from the government.However, in order to be eligible for the gift, citizens will have to register themselves
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To be eligible, citizens will first have to sign up to PetroApp, the official government crypto wallet that launched back in May. The only platform that supports the oil-backed cryptocurrency, PetroApp is designed to allow users to purchase goods and services from their phones, as well as for standard transfers. Source
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President of Venezuela Nicolas Maduro released a statement related the reserves of the Petro, the state backed cryptocurrency of Venezuela. Maduro’s government has been pushing for an increased use of Petro by the Venezuelan citizens.On Wednesday, President Maduro said that some 30 million oil barrels in the country’s storage tanks
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A Venezuelan man has used the bulk of his bitcoin savings to pay the medical costs of his son’s birth. Many consider adequate healthcare a universal human right but only few in the inflation-ridden country can actually afford it. José Rafael Peña, a materials engineer from Caracas, outlined the payment process
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