No, you can’t buy Venezuela’s Petro on any overseas exchanges
The Venezuelan government has not yet announced partnerships capable of listing PTR abroad. A New York-based crypto exchange has listed a token with the same name as the Venezuelan state-issued asset, the Petro (PTR). In reality however, the two are entirely unconnected.Exchanges such as BitMart have recently begun listing this similarly named token for trade on their platforms. However, the Venezuelan government has not yet announced any partnerships with exchanges abroad.According to an article published by Cointelegraph Spanish, only seven local crypto exchanges offer PTR for trade in....
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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 options to increase adoption.
Petro Relaunch Aims to Offer More Use Cases
Sunacrip, the cryptocurrency regulation institution in Venezuela, has announced a series of changes to its petro (PTR) wallet app called Petroapp, which are directed to improve the usability....
The president of the National Association of Cryptocurrencies of Venezuela (Asonacrip) praised the recent bull run seen in bitcoin’s prices across the board, which “favors the usability of a very novel crypto asset,” such as the petro (PTR). Petro Is Gathering Strength Due to Its Surging Prices in the Secondary Market, Says Venezuela’s Asonacrip During an interview with the Venezuelan TV channel Globovisión, Jose Ángel Álvarez pointed out that the country’s state-backed cryptocurrency is starting “to gather strength” because....
Crypto garnered another mention in one of Maduro's bombastic speeches. The President of Venezuela Nicolas Maduro says that the country's government is now looking at diverse cryptocurrencies as a potential way of avoiding sanctions.On Sept. 29, Maduro presented a new bill that intends to help the country overcome the impact of United States’ sanctions. As part of the bill, Venezuela will study the possibility of using various cryptocurrencies in both domestic and foreign trade. Maduro claimed that the new anti-sanctions bill involves both private and state-backed crypto initiatives like....
Venezuela’s government-backed cryptocurrency is not having the acceptance its cabinet expected, as the latest reports suggest. The petro’s creator, who now lives in exile, wants to build another crypto that gets the adoption its original creation did not in the nation. Jiménez Believed the Petro Could Have Given Venezuelans a ‘Measure of Freedom’ Per a report published by Deutsche Welle, Gabriel Jimenez, a 31-year-old-programmer, is looking to pursue a “cryptocurrency revolution” in Venezuela with Reserve, a brand-new token he created. Jimenez....
Nicolas Maduro, president of Venezuela, announced an increase in the minimum wage of workers in the country linked to the petro. In the II Workers’ Congress, Maduro revealed that the new value of the salary would be half a petro, the national cryptocurrency, which is now worth close to $59. This constitutes an increase of almost 1,800% compared to the previous amount of only seven Venezuelan bolívars (VES).
Minimum Wage Increase to Build “Sustainable Recovery”
Nicolas Maduro, president of Venezuela, announced the increase of the minimum monthly salary of....