Petro token

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Petro token

Berichtdoor neku » 04 Dec 2017 10:25

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Re: Petro token

Berichtdoor Lotus » 04 Dec 2017 10:30

Klein beetje intro in de openingspost was handig geweest maar Venezuela wil dus een digitale munt op de markt brengen met de naam Petro. Dit zou dan een intrinsieke waarde moeten hebben op basis van hun reserves van olie, gas, goud en diamanten.

“Venezuela will create a cryptocurrency,” backed by oil, gas, gold and diamond reserves, Maduro said in his regular Sunday televised broadcast, a five-hour showcase of Christmas songs and dancing.
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Re: Petro token

Berichtdoor palm section » 07 Dec 2017 15:50

Ik denk dat we meer en meer van dit soort zaken gaan te zien krijgen. Hadden ze dit met de dollar gedaan, was dit veel gemakkelijker en goedkoper geweest voor hun. Toch kiezen ze om dit met een digitale munt te gaan doen.
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Re: Petro token

Berichtdoor neku » 28 Aug 2018 19:32

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Re: Petro token

Berichtdoor neku » 31 Aug 2018 14:13

Venezuelan President Nicolas Orders Banks to Adopt Crypto ‘Petro’

The president of Venezuela, Nicolas Maduro, has reportedly ordered banks in the South American country to adopt the oil-backed state cryptocurrency, the petro, as a unit of account, according to Agence France-Presse.

Per a goals gone by Sudeban, Venezuela’s managing an account area controller, monetary foundations in the nation will now be required to guarantee that their budgetary data is reflected in the petro digital money other than the bolivar, the nation’s fiat cash.

Venezuelan President Maduro Orders Banks to Adopt Crypto ‘Petro’

When Venezuela is pondering soaring swelling and void store retires, the appropriation of the petro digital currency as a unit of record is a piece of Maduro’s wants to facilitate the declining financial emergency. In the wake of encountering a financial subsidence and high as can be swelling for the last a large portion of 10 years, the International Monetary Fund has anticipated that the expansion rate in Venezuela will hit a figure of 1,000,000% this year.

So far it is estimated that over 2 million people out of a population of over 30 million have fled the country to escape the economic crisis.

Bolivar Soberano

Propelled not long ago with the point of getting to global financing and bypassing sanctions slapped on Venezuela by the United States, the petro has evoked as much contention on the world stage as the energy it has gotten from the Venezuelan communist government.

As CCN as of late detailed, a re-division practice was embraced in Venezuela with the nation’s ‘new’ fiat cash presently pegged to the petro which is said to be sponsored by Venezuela’s oil and mineral assets. The re-division practice brought about the Bolivar getting debased by 95% and renamed the Bolivar Soberano or the ‘Sovereign Bolivar’.

These monetary changes additionally observed Banco Central de Venezuela, the national bank of Venezuela, uncover an Android application intended to help the occupants and subjects to change over the nation’s active fiat money to the better and brighter one pegged to the petro. The application was touted by Banco Central de Venezuela as a vital device to help the residents in understanding and acclimatizing the fiscal re-group process being completed in the nation.
Pumping the Petro?

Though it is over half a year old, the most significant developments regarding the petro besides its launch have only happened recently. Mid this month, for instance, Maduro announced that the Petro would become the official currency of Petróleos de Venezuela, S.A. (PDVSA), the state-owned oil and gas corporation.

“As of next Monday, Venezuela will have a second accounting unit based on the price, the value of the petro,” said Maduro in a televised address. “It will be a second accounting unit of the Republic and will begin operations as a mandatory accounting unit of our PDVSA oil industry.”

http://www.cryptocapinfo.com/venezuelan ... pto-petro/
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Re: Petro token

Berichtdoor neku » 02 Okt 2018 17:22

Venezuela Formalizes its Oil-Backed Crypto Currency, Petro

President Nicolas Maduro said the Petro is already present in the world’s six topmost international exchange houses and will now be accepted at a national level.

The Petro coin will “neutralize” the threat of black markets and money mafias across the country, officials say.

Venezuela’s cryptocurrency, Petro, arrives to global markets Monday, backed by the nation’s vast oil reserves, the digital currency is one of the most innovative parts of the Economic Recovery, Growth, and Prosperity Program.

“The #Petro, unlike other digital currencies, doesn't need to be mined because it already has a value, it is shielded with Venezuelan oil and mining wealth,” said President Nicolas Maduro during a televised address, referring to the country’s gold, diamond, iron, and aluminum.

According to the Bolivarian head of state, the Petro is already present in the world’s six topmost international exchange houses and will now be accepted at a national level.

"All Venezuelans will have access to the Petro and through it to make international purchases," the president said, adding that Petro coins are now a legal substitute to dollars in real estate deals as well as paying for goods such as airline tickets, hotels and the like.

“The National Plan of Criptoactives of Venezuela, will last 10 years. This is going to be the epicenter of the development of a new economy in the country,” Maduro said.

According to Venezuelan officials, the Petro coin will “neutralize” the threat of black markets and money mafias across the country.

Such money mafias are widely blamed for a slump in the value of the Venezuelan Bolivar, further exacerbating the nation's economic woes, Foreign Minister Jorge Arreaza told media reporters.

Other initiatives to balance out the South American nation’s economy were introduced including the circulation of the Sovereign Bolivar which transpired last month.

According to experts, the governmental objective is to stop the imbalance, a product of the economic war, induced from abroad.

The outstanding offer of the Sovereign Bolivar will be subject to the number of Petros available and would act as a conversion box. At the same time, it will be associated with the value of the price of Venezuelan oil, according to the state news agency AVN.

Each unit of the cryptocurrency will be the equivalent to 3,600 Sovereign Bolivars and will be the reference to fix the value of work, the price of services and consumer goods, as one of the accounting units that will govern the Bolivarian nation.

https://www.telesurtv.net/english/news/ ... -0012.html
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Re: Petro token

Berichtdoor neku » 07 Okt 2018 15:07

The Post-Fiat World Begins: Venezuela's Cryptocurrency A Necessity To Obtain A Passport

The case for cryptocurrencies sure looks to have gotten stronger over the past week and Venezuela's "Petro" looks like it may be the concept's first "beta test" on a country-wide scale.

We recently reported that the Yale endowment had invested in a $400 million cryptocurrency fund focused on investing in digital coins and blockchain startup companies. Now, Bloomberg is reporting that the only way Venezuelans can get a passport is through the country's new "Petro" cryptocurrency, which is backed by Venezuela's oil and mineral reserves.

This development in Venezuela could be viewed as a very real step away from Fiat currency and a very real step toward a permanent commodity-backed currency. The government has priced new passports at 2 Petros, which is the cryptocurrency equivalent to 7200 Bolivars - or four times the national monthly minimum wage. For Venezuelans that are looking to get out of the country, passports are key. The United Nations says an estimated 5,000 people are leaving Venezuela per day because of the economic collapse in the country.

Lack of materials and government corruption, coupled with the Bolivar's collapse, has made passports in the country a rare find. Getting out of the country is even more difficult because, as a result of the ongoing crisis, many airlines, including Avianca, Latam Airlines, United Airlines, Aeromexico and Deutsche Lufthansa, have stopped taking flights that originate from the country.

Nicolas Maduro, the president of Venezuela, announced the new currency last week - about eight months after what was supposed to be its initial launch date. It is now scheduled to go on sale starting on November 5.

Although cryptocurrencies have seen a precipitous decline in value over the last six months, Venezuela’s resorting to the idea after a true currency collapse could prove to be the first real test as to whether or not the concept, idea and execution can hold up for an entire country’s government.

The world is watching. And so is Novogratz.

https://www.zerohedge.com/news/2018-10- ... n-passport
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