Home Coins Bitcoin (BTC) Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage...

Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage of Petro

- Advertisement - IQ Option CPA

AliExpress WW

The Venezuelan president, Nicolás Maduro, has claimed that 2021 will be the year of the state-backed petro (PTR) token. He also promised to boost a “100% national digital economy” agenda through a “complete digitalization process.”

77% of Trade Transactions in Venezuela Are Made via Digital Solutions in Bolivar

During an annual speech at the National Assembly, Maduro talked about a “revival” for the petro, a cryptocurrency that some analysts have not seen any strong potentials in, at least in terms of adoption.

However, the Venezuelan president believes his economy’s agenda should boost the national crypto market and its related remittance service, Patria. He explained:

The revival of the use of petro, of all cryptocurrency systems, the use of blockchain technologies, the development of the Patria system, and the generation of new applications will set the tone for 2021.

Over the year, Maduro plans to strengthen the usage of contactless payment solutions to ride-off from cash payments. He added:

This year, we are going to facilitate the use of means of payment in national currency for public transport and all businesses, through payment systems that do not need an online connection.

The president revealed that 77% of trade transactions in the country are made via digital solutions in bolivar and 20% in cash. Moreover, he claimed that the country’s crypto-remittance platform has 21.2 million people registered as of press time.

Maduro Promises to Strengthen Blockchain Development in 2021

Maduro also hinted that he will strengthen blockchain industry development in Venezuela as part of its 2021 agenda, noting:

National and global cryptocurrency systems will set the tone for 2021, as will the use of blockchain technology in different sectors … and the development of new applications that will provide solutions to specific problems.

On Dec. 21, 2020, news.Bitcoin.com reported words from the president of the National Association of Cryptocurrencies of Venezuela (Asonacrip), who praised the bull run seen in bitcoin’s price that month. Jose Ángel Álvarez believes such rally helps the “usability of a very novel crypto asset,” including the petro.

What do you think about Maduro’s petro promises? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons



AliExpress WW

Source link

- Advertisement - IQ Option CPA
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
469FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,558FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.21
GBP
1.40
CHF
1.09
NOK
0.12
JPY
0.01
CAD
0.79
AUD
0.78

Most Popular

bitcoin
Bitcoin (BTC) $ 48,885.00
ethereum
Ethereum (ETH) $ 1,533.80
tether
Tether (USDT) $ 0.997391
bitcoin-cash
Bitcoin Cash (BCH) $ 513.16
litecoin
Litecoin (LTC) $ 183.61
eos
EOS (EOS) $ 3.78
okb
OKB (OKB) $ 17.57
tezos
Tezos (XTZ) $ 3.76
leo-token
LEO Token (LEO) $ 1.90
cardano
Cardano (ADA) $ 1.19
monero
Monero (XMR) $ 214.24
stellar
Stellar (XLM) $ 0.410631
chainlink
Chainlink (LINK) $ 28.99
huobi-token
Huobi Token (HT) $ 16.49
tron
TRON (TRX) $ 0.049776
usd-coin
USD Coin (USDC) $ 0.980747
dash
Dash (DASH) $ 216.43
neo
NEO (NEO) $ 38.78
iota
IOTA (MIOTA) $ 1.20
nem
NEM (XEM) $ 0.733552
zcash
Zcash (ZEC) $ 121.51
maker
Maker (MKR) $ 2,123.63
paxos-standard
Paxos Standard (PAX) $ 0.999625
ethereum-classic
Ethereum Classic (ETC) $ 11.20
vechain
VeChain (VET) $ 0.051040
true-usd
TrueUSD (TUSD) $ 0.993763
ftx-token
FTX Token (FTT) $ 30.73
kucoin-shares
KuCoin Token (KCS) $ 4.63
waves
Waves (WAVES) $ 9.66