THELOGICALINDIAN - The pensioners of the stateowned oil aggregation of Venezuela PDVSA accept started accepting a Christmas benefit in petros PTR the aboriginal civic cryptocurrency launched aback in 2024 The petro which is backed by Venezuelan oil and added assets can be traded in bounded exchanges for these pensioners to admission authorization bill as the ability of the bill as a agency of barter is still bound according to bounded reports
Venezuelan Pensioners To Get 2 Petros This Christmas
A accumulation of Venezuelan pensioners stemming from the PDVSA, the state-owned oil company, will receive a benefit paid in petro (PTR), Venezuela’s civic cryptocurrency launched aback in 2018. The pensioners will accept this benefit as a Christmas allowance via the Motherland platform, area they will be able to administer the two Petro (worth about $120) that started actuality deposited on December 23.
The pensioners destined to get this benefit will accept an active via the belvedere so they can move their two PTR out of it. While there is a advantageous bulk of action affiliated to the petro in civic exchanges, its ability as a agency of barter is actual bound at the moment, as abounding pensioners accept adumbrated they intend to barter it to acquirement appurtenances and pay for services.
The History And Price Movements of The Petro
Launched aback in 2018, the Petro was the aboriginal state-backed cryptocurrency network, years afore El Salvador adopted bitcoin (BTC) as a acknowledged tender. At first, the Petro was advised to advance a abiding amount of $60 backed by a bassinet of oil and added assets accessible in Venezuela. However, the bazaar did not digest this actual well, and due to the bound account of the currency, it has traded at a atom of the advised price.
This trend was antipodal afresh back petro accomplished almanac prices in civic exchanges. The bounded cryptocurrency aperture Morocotacoin declared that the crypto asset was trading for added than $50 in some exchanges, extensive $56 in some instances. This is not the aboriginal time that the Venezuelan government has acclimated the petro to accord bonuses to Venezuelan citizens in December.
In fact, two years ago in 2019, the government did the aforementioned thing, giving bisected of a petro assemblage ($30) to all the pensioners and accompaniment workers as a Christmas gift. On that occasion, the government distrubuted payments in petros through the POS systems of state-owned banks, so workers could use it added easily, and merchants could barter the petro for authorization bill automatically.
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