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In 2018 it will be possible to trade Petro for other cryptocurrencies
President Maduro says that those who buy the currency by the end of the year can then exchange it for any other cryptocurrency or fiat currency
Venezuelans’ bank accounts now show Petro
The new Venezuelan state "cryptocurrency" pops us alongside the old legal tender on online current accounts, which now appear to be both in Bolivar and Petro
Venezuelans can now buy Petro online
An official announcement states that the Petro tokens can be bought on the website, but this feature is actually not available yet
The Petro explorer is online, but without blocks
The Venezuelan state cryptocurrency is not trustless, quite the contrary. It turns out to be an electronic currency managed by the government
The new Petro whitepaper: the token won’t be 100% backed by oil
The technology has been changed too, this time blatantly copied from Dash: the Venezuelan crypto keeps remaining a mystery
The Petro block explorer is unavailable
The website of the new Venezuelan crypto contains broken links and empty files. And there is still no trace of the tokens
Jorge Farias: “To date, no trace of the Petro”
The Venezuelan entrepreneur, founder of Cryptobuyer, confirms that the cryptocurrency does not exist. Meanwhile, inflation reaches 200% per month
Petro tokens and their backing do not exist
A Reuters report shows that Venezuelan crypto does not exist and that there is no guarantee that the Atapirire oil reserves will back the currency
Maduro, ‘Banks must adopt the Petro crypto’
Venezuelan Government forces the banking system to accept the state cryptocurrency
The Petro currency is there but it can’t be seen. It looks like a big scam
Marco Michelino, NEM blockchain expert says: "All tokens are still in one account. And they seem designed to impede their free circulation"