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   245

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".

Monetha is about to release first version of its wallet app

Monetha's MVP to be released on March 21 exclusively for MTH holders in order to make a significant step towards fully working decentralized trust and reputation system
23 March 2018   71

Starting from March 31 all of MTH token holders will gain exclusive access to Monetha wallet app - the MVP of the project. The release is considered to be Beta release, and approximately 10,500 of the users of the platform will become the first to test out the product. The app will be available on both iOS and Android.

The wallet itself is based on smart contracts and features

  • making/solving claims;
  • rating merchants;
  • writing reviews;
  • review of purchase history;
  • see clients' and merchants' trust ratings

The integration with Monetha through the app will allow merchants to accept Ethereum based tokens as a payment and then easily convert cryptocurrency into fiat currency. Monetha's mission is 'to develop and deploy the best transaction system that would be based on enforceable contracts without third party between consumer and merchants and a strong decentralised reputation management system'. Its solution is going to be universal, transparent, self-executing and transferable.

To the moment of the publication, Monetha's market parameters are as follows:

Average price: $0.102597

Market cap: $22,274,083

Volume (24): $435,208