The pensioners of the state-owned oil company of Venezuela, PDVSA, have started receiving a Christmas bonus in petros , the first national cryptocurrency launched back in 2018. The petro, which is backed by Venezuelan oil and other resources, can be traded in local exchanges for these pensioners to access fiat currency, as the reach of the currency as a means of exchange is still limited according to local reports.a bonus paid in petro , Venezuela’s national cryptocurrency launched back in 2018.
Launched back in 2018, the Petro was the first state-backed cryptocurrency network, years before El Salvador adopted bitcoin as a legal tender. At first, the Petro was intended to maintain a stable price of $60 backed by a basket of oil and other resources available in Venezuela. However, the market did not assimilate this very well, and due to the limited utility of the currency, it has traded at a fraction of the intended price.
I would like to believe that pensioners are aware. My grandfather, unfortunately, cannot even use a telephone normally.
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