Venezuela itself is preparing to pre-sell its own "oil" cryptocurrency "petro", which can be used to pay taxes, fines and utilities. This is reported by Bitcoin.com.
On Tuesday, at a meeting with Mohammed Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Maduro invited all OPEC countries to unite and develop a platform for trading "oil" crypto-currencies.
PEC includes 14 countries: Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.
I will officially propose to the OPEC and non-OPEC countries that we adopt a joint cryptocurrency mechanism backed by oil.we will also support our cryptocurrency with precious minerals from our land. I have explained to Mohammed Barkindo the goodness of the petro. The cryptocurrency is the world of the future. I am very excited as well as the people of Venezuela.
Venezuela recently published a "white book" of its "oil" crypto currency. Private pre-sale will begin on February 20, and then in March, the ICO of petro tokens will start.
Maduro confirmed that in addition to the "5 million barrels of oil" Venezuelan crypto currency will be provided "precious minerals from our land".
The Bolivarian Republic of Venezuela guarantees that it will accept petros as a form of payment of national taxes, fees, contributions and public services. The Venezuelan government is committed to promoting the use of petro in the domestic market and making efforts to stimulate its acceptance throughout the world. The State will actively assume the commitment to promote the adoption of petro, encouraging the growth of its national and international user base.
The Venezuelan manager on cryptocurrencies also shared new details about previously announced Petro Containers and stated that they are intended for "massification of mining farms in secondary schools, universities, university villages and other places with a large population".