According to a local media news, Venezuelan government has approved six websites where national cryptocurrency, Petro crypto can be purchased.
The six websites claimed to be cryptocurrency exchanges by the state government, are the only approved exchange to market and sell the petro, the country’s new national currency. Noticiero Digital elaborated:
“The petro will be available from this Wednesday, October 17, at six exchanges, although President Maduro announced previously that there would be 16 certified companies that could market the digital currency.”
Where to Buy Petro Crypto
• Cave Blockchain (caveblockchain.com)
• Bancar (bancarexchange.io)
• Cryptia (cryptiaexchange.com)
• Amberes Coin (amberescoin.com)
• Afx Trade (afx.trade)
• Criptolago (criptolago.com.ve)
Some of the authorized exchanges are already advertising the petro on their websites.
Cryptia’s website lists three cryptocurrencies for trading against BTC — ETH, DASH, and XRP — but with zero trading volumes. “Buy and sell petros through our platform,” the section on its website describing the petro reads, adding (translated from Spanish):
“Access the cryptocurrency [petro] in bolivares and exchange them for bitcoin, ethereum or American dollars.”
What We Know Before Vs What We know at Present
What we know before: In February this year, Petro Crypto was created and was said to be backed fully by the country’s oil resources.
But here is what we now know: A new whitepaper has been published showing that the petro is no longer 100 percent backed by oil but is also backed by some of Venezuela’s other resources. The new whitepaper explains that the petro is now backed by 50 percent oil, 20 percent gold, 20 percent iron, and 10 percent diamond.
In April, Maduro announced that he had “authorized the certification” of 16 exchanges for the petro. Noting that only six exchanges have actually been authorized, Noticiero Digital pointed out that Afx Trade was not included in the initial list of 16 exchanges.
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