Petro

The Central Bank of Venezuela is studying the feasibility of adding Bitcoin and Ethereum to its cryptocurrency reserves, Bloomberg reports. The idea was initiated by the state oil and gas company Petroleos de Venezuela SA (PDVSA). According to representatives of PDVSA, the central bank could make settlements with suppliers on behalf of the monopolist company using the available crypto assets. US sanctions severely limited the ability of PDVSA to interact with customers and […]

Venezuela uses Bitcoin to circumvent US sanctions at airports, rather than El Petro's own national digital currency. It is reported by the Cointelegraph, citing local media. According to media reports, President Nicolas Maduro introduced an automated system for collecting aviation taxes at the international airport of Maiquetia using the Jet Man Pay application with their subsequent conversion to bitcoins […]

Over the past two days, a number of Asian media have announced the release of PayMon gold-backed “cryptocurrency” in Iran. All of them refer to the news agency Mehr News, which on July 13 published a small note that said that the payment instrument would soon be released. It is worth noting that for the first time about PayMon (from the Persian "covenant") it became known […]

The largest bank in Venezuela, Banco de Venezuela, will begin to accept the national cryptocurrency El Petro. The corresponding order was given by President Nicolas Maduro, according to CCN. Thus, the head of state issued an “urgent decree on the opening of Petro terminals in all branches of the Bank of Venezuela”. Note, there are about 790 Banco de Venezuela branches in the country. In the local crypto-community, the news was received with enthusiasm: “This is […]