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82284
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2019-11-18

Petro as a payment of social benefits

Venezuelan President Nicholas Maduro announced that the Christmas bonus for pensioners will be paid to them in the national crypto-currency Petro.

The profile of the local Venepress information point on Twitter announced Maduro's comments on 17th November. This particular case is not the first one when Venezuela pushes Petro into pensioners' wallets.

The cryptographic assets in question were first launched for pre-sale in February last year and from the outset were a source of concern for foreign observers. At the end of August last year, Petro was already scandalously condemned as a non-transparent 'stunt' supported by a centralised and indebted entity.

Despite this, the national cryptographic currency and cryptographic currencies as a whole are increasingly being pushed by local authorities.