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Venezuela's Maduro: Airlines Must Use Petros To Pay For Fuel
Summary: Venezuelan President Nicolas Maduro has declared all flights out of the country must use the oil-backed Petro cryptocurrency to pay for fuel. Airlines will be able to purchase fuel using a PetroCard that can convert international currencies says CoinDesk, including the U.S. dollar, into Petro for payment. When the government announced it was launching a ...
Venezuelan President Nicolas Maduro has declared all flights out of the country must use the oil-backed Petro cryptocurrency to pay for fuel.
Airlines will be able to purchase fuel using a PetroCard that can convert international currencies says CoinDesk, including the U.S. dollar, into Petro for payment. When the government announced it was launching a cryptocurrency backed by the country's vast oil reserves, it hoped the Petro could become a new means of payment to help businesses bypass U.S.-imposed sanctions.
By Claudia Rivera
Tags: airlines,Cryptocurrency,fuel,Maduro,Petro,PetroCard,Sanctions
Link: Venezuela's Maduro: Airlines Must Use Petros To Pay For Fuel [Copy]
