Venezuela to Pay Retirees and Pensioners Christmas Bonus in Petro

Venezuelan President Nicholas Maduro introduced that the Christmas bonus of the nation’s retirees and pensioners shall be paid to them within the nationwide cryptocurrency Petro.

The Twitter profile of native information outlet Venepress reported on Maduro’s remarks on Nov. 17. This explicit occasion is just not the primary time that Venezuela pushes Petro into the wallets of pensioners to this point.

As Cointelegraph reported in December final 12 months, Venezuela again then has mechanically transformed pensioners’ bonuses for the 12 months into Petro.

Petro, the long run for Venezuelan economic system?

The crypto asset in query has been first launched for a pre-sale in February final 12 months and raised considerations amongst overseas observers from the beginning. In late August final 12 months, Petro was already scathingly denounced as an opaque “stunt” backed by a centralized and debt-saddled entity.

Still, the nationwide cryptocurrency and cryptocurrencies as an entire are being more and more pushed by the native authorities.

As Cointelegraph Spain reported on Nov. 13, the Deputy of the National Constituent Assembly of Venezuela, Francisco Torrealba, mentioned that he believes all currencies shall be changed by cryptocurrencies.

Speaking about Venezuela, Torrealba claimed that the nation is dealing with an excellent change and Maduro is making a “great contribution” to the nation by creating the Petro. He concluded his interview by saying that “every part shall be from this forex [the Petro].”

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