The president of Venezuela, Nicolás Maduro,
officially launched the Venezuelan cryptocurrency, Petro,
on the national and international markets, as well as the issuance of certificates
for the exercise of digital mining, which allows financial and commercial transactions.
Superintendent Carlos Vargas showed the machinery of digital mining, and stressed that "these machines are made in China and are assembled in Venezuela".
Unlike the more than 1,500 existing cryptocurrencies worldwide,the Petro is the only
one that has physical support to be supported with 5,342 million barrels of field 1 of the Ayacucho Block of the Orinoco Oil Belt.
Petro cryptocurrency was created by the Venezuelan Government to face the financial blockade,
they will create 100 million virtual currencies without extra emissions.
The Venezuelan president reported that only in 20 hours, during Petro's presale,
the purchase intention was achieved in the order of 4.777 billion yuan,
equivalent to 596 million euros and 735 million dollars. "We started high," he said.
The Venezuelan cryptoactive will be able to be used to acquire
goods or services and will be exchangeable for fiduciary money
and other cryptoactives through digital exchange houses,
according to the Venezuelan president.