Buy Petro Cryptocurrency – Where To Buy The Venezuelan Crypto
Petro went down history as the first cryptocurrency made by government. Many investors wanted to Buy Petro Cryptocurrency at pre-sale at a low price to get at least several profits at public launch.
Venezuelan President Nicolas Maduro revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA. The government is also developing a new salary system that will allow employees to receive their wages in petro funds.
Maduro said: “As of next Monday, Venezuela will have a second accounting unit based on the price and value of the petro. It will be a second accounting unit of the republic and will begin operations as a mandatory accounting unit of our PDVSA oil industry,”
The petro came into the market via a pre-sale back in February of 2018 as a means to attract foreign capital to boost the Venezuelan economy and circumvent both EU and U.S. sanctions.
On the verge of searching for the information about Petro coin I found a currency with very similar name. It is called PetroDollar (XPD). Please note that the PetroDollar is not related to PETRO.
The only place where you can buy Petro Cryptocurrency for now is from the official website. If you try to purchase from another place you will most likely lose your money is it is most likely to be a scam site.
As Petro is still in its early stages, PTR is only available on the official blockchain observatory. For storage, the Petro currency wallet will have a GUI version that is easy to use and can be installed on Android, iOS, Windows and Mac OSX.
On it’s potentials as a cryptocurrency, One of the major features of cryptocurrencies is that they are free from the control of any state or central bank and this is not working with PETRO as every aspect of the cryptocurrency is overseen by the government.
If the petro is managed better than the Venezuelan bolivar which recorded 454% inflation rate in just the first quarter of 2018, then it will go a long way to better the economy of Venezuela.