Poland Isn't Interested in Petro

Poland’s Ministry of Finance has denied reports that it is interested in the petro, the Venezuelan ”oil-backed” cryptocurrency
26 February 2018   680

Earlier this month, Venezuela claimed that a few countries have expressed interest in receiving the petro for commerce with Venezuela such as Norway, Denmark, Brazil, Vietnam, Poland, and others. This is reported by Coindesk.

Minister of Foreign Trade of Venezuela, José Vielma Mora, according to Telesur TV said that Poland and a number of other countries have “expressed interest in exporting goods to Venezuela like food and medicine” and receiving payments for them in petro coins.

Polish issue Gazeta asked Polish Ministry of Finance for the comment.

The Ministry of Finance did not receive any letter in this matter…Cryptocurrencies are not issued or guaranteed by the central bank or other state institutions. Therefore, they are not legal tender or currency, they can not be used to pay tax liabilities and are not widely accepted at commercial and service outlets.

Polish Ministry of Finance 

The Venezuelan government reported last week that they has raised more than $1 billion from the petro’s pre-sale in just two days, but some experts believes that "petro hasn’t raised a dime".

Santander to Deny XRP Token Usage Info

It turned out that bank uses xCurrent in One Pay FX instead of XRP token for international payments, as it stated earlier
25 March 2019   71

Santander, a large Spanish bank, in its Twitter spread incorrect information about cooperation with Ripple.

And although the majority of cryptocurrency holders reacted positively to the statement of Santander, some of them drew attention to the fact that this news had no effect on the growth of XRP trading volume.

It soon became clear that the bank provided incorrect information.

xCurrent allows Ripple customers to make payments using Fiat as well as digital currencies. A similar product, the operations in which are carried out using XRP cryptocurrency, is called xRapid.

Despite the official apology, some commentators suspected the bank of manipulating the market.