Venezuela's Petro Has Over 27,000 ‘Affiliated Businesses’, Nicolas Maduro Claims

Venezuela’s President Nicolás Maduro has recently stated the country’s oil-backed cryptocurrency, the Petro, has over 27,00 ‘affiliated businesses’ which could mean the government’s push for its adoption is working.

Speaking during a program led by local journalist José Vicente Rangel, Nicolás Maduro revealed the number is expected “to double in the coming months,” presumably as the Venezuelan government keeps pushing for Petro’s adoption.

Earlier this month, it made it legal to buy and sell cars and real estate using the oil-backed cryptocurrency. It’s worth noting, however, last month a Venezuelan official claimed the Petro was accepted as a payment method at 93 stores in the country thanks to a new payments gateway called PetroPago. Read More...


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