1 / 9

Venezuela's New Problem is Keeping Their US Dollar Safe

the government needs to consider whether they would like to follow the likes of El Salvador and Ecuador who adopted the US Dollar as their national currency or legalize the use of cryptocurrencies to sustain itself. Visit this PPT for more information . http://bit.ly/2FikChU

hellenjones260
Télécharger la présentation

Venezuela's New Problem is Keeping Their US Dollar Safe

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Cryptoknowmics: Crypto News in One Click https://www.cryptoknowmics.com/

  2. 2 Venezuelan President Nicolas Maduro has announced that they would use their national digital currency Petro for the sale of Gold and Oil produce. Maduro noted that their government was working tirelessly to expand the scope of use for its digital currency. https://www.cryptoknowmics.com/

  3. 3 Venezuela's New Problem is Keeping Their US Dollar Safe https://www.cryptoknowmics.com/

  4. 3 ● Venezuela was already selling its mineral reserve including iron ore, and stell against Petro, but now they have decided to expand the portfolio to gold, oil and a few other assets as well. President Mudro in his interaction with the media said, ● We will sell Venezuelan oil in exchange for Petros. We already sell Venezuela’s iron ore and steel for Petros. We have already signed contracts for the sale of oil, steel, iron and aluminium, and we will sell part of the gold for Petros." https://www.cryptoknowmics.com/

  5. 4 • Venezuela launched its national Crypto currency back in 2019 amid trade sanctions imposed by the US and the depleting value of the national fiat bolivar. However, the launch of Petro was not an instant success or hit as the Venezuelan digital currency was marred into controversy from the start. • First, there was a controversy on the working structure and blockchain used for the Petro, then analysts from around the world called Petro a scam, and an apt network for money laundering.Despite all the obstacles, Petro has been promoted by the current government as an appropriate alternative to their fiat. https://www.cryptoknowmics.com/

  6. 5 Cryptocurrencies See a Major Adoption in Venezuela ● The Venezuelan government is trying hard to extend the use case of the national digital currency, but the country has seen a significant push for crypto adoption in hindsight. Venezuela has recorded enormous trading volumes in Bitcoin in the last year. ● The use of Petro might see some drive in 2020, given the President is looking to increase the scope and use of the national digital currency to rebuild the crumbling economy. https://www.cryptoknowmics.com/

  7. 6 Conclusion • However, it would be interesting to see whether the citizens go for the national digital currency or other cryptocurrencies like Bitcoin, Ethereum, and many others. Source https://www.cryptoknowmics.com/news/venezuelas-new-problem-is-keeping-their -us-dollar-safe https://www.cryptoknowmics.com/

  8. 7 Crypto news and articles Exchange & wallet listing Market & price analysis Crypto discussion forum ICO listing and rating Crypto jobs marketplace Tokens and coin listing Airdrop and event listing DApp listing & review ICO Launchpad Crypto gaming platform Blockchain tutorials and courses https://www.cryptoknowmics.com/

  9. 8 For any further queries or clarifications please contact at https://www.cryptoknowmics.com/ - listing@cryptoknowmics.com - info@cryptoknowmics.com https://www.cryptoknowmics.com/

More Related