Venezuela: Petro’s Impact Will Be Felt Within “Three to Six Months”
During an interview with Venezuela’s Cuatro F newspaper, the executive secretary of the country’s Blockchain Observatory, Daniel Peña, stated that he believes the Petro (PTR), Venezuela’s oil-backed cryptocurrency, will positively impact the country’s economy within “three to six months.”
During the interview, Peña noted that the Petro is a cryptocurrency and, as such, can’t be blocked, and its transactions cannot be traced. The Petro, he added, will see intermediaries disappear.
Per his words, the cryptocurrency’s positive impact will be felt within three to six months, and that is why US President Donald Trump “attacked” the cryptocurrency through an executive order barring US citizens and residents from purchasing it.
When asked to elaborate on the difference between paying with the Petro and the Bolivar, Peña said:
“There are many advantages, among them is that the inflationary scheme of the Venezuelan economy breaks down. Stolen or stolen tickets, because it is a digital currency that is safe to handle and has more functionality. The intermediaries will disappear, it will be a directional purchase. The waiting time for transactions will be reduced, because it will be faster than the banking system.”
During an interview with Venezuela’s Cuatro F newspaper, the executive secretary of the country’s Blockchain Observatory, Daniel Peña, stated that he believes the Petro (PTR), Venezuela’s oil-backed cryptocurrency, will positively impact the country’s economy within “three to six months.”
During the interview, Peña noted that the Petro is a cryptocurrency and, as such, can’t be blocked, and its transactions cannot be traced. The Petro, he added, will see intermediaries disappear.
Per his words, the cryptocurrency’s positive impact will be felt within three to six months, and that is why US President Donald Trump “attacked” the cryptocurrency through an executive order barring US citizens and residents from purchasing it.
When asked to elaborate on the difference between paying with the Petro and the Bolivar, Peña said:
“There are many advantages, among them is that the inflationary scheme of the Venezuelan economy breaks down. Stolen or stolen tickets, because it is a digital currency that is safe to handle and has more functionality. The intermediaries will disappear, it will be a directional purchase. The waiting time for transactions will be reduced, because it will be faster than the banking system.”