The Executive Vice President of the Republic, Tareck El Aissami, announced on Tuesday the beginning of a historic stage for the economy of Venezuela, this thanks to the official launch of the pre-sale of its Petro cryptocurrency.
El Aissami informed that in the course of the early morning of this Tuesday, February 20, the purchase and marketing manual of Petro will be published on the web portal of this system www.petro.gob.ve.
“Petro has been born, a currency backed by Venezuelan riches, so we have much to celebrate when we begin operations in world markets, which is why we formally initiated the pre-sale of the Petro”, said the Vice President.
He explained that this document has two versions available in several languages to reach the largest number of users interested in acquiring this cryptoasset.
“Venezuela is placed at the forefront of future times, it is a day of history, since it is the first nation that has its own cryptocurrency”, he said.
The new cryptocurrency backed by the nation’s oil wealth is unlike the more than 1,500 cryptocurrencies existing worldwide, because it is the only one that has physical sustenance, being supported on 5,342 million barrels of field 1 of the Ayacucho Block of the Orinoco Oil Strip.
The Executive Vice President of the Republic of Venezuela said that the digital currency will have its pre-sale with 82.4 million units available, it was born to combat the financial blockade, attract investment and generate a new mechanism for payment of goods and services.
The Venezuelan cryptoasset will be able to be used to acquire goods or services and will be exchangeable for fiduciary money and other cryptoassets through digital exchange houses.
