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Thu Nov 8, 2018, 02:44 PM

Chavismo triples down on STUPID. OPEC will be paid in fake Petros!

OPEC: Venezuela to Trade Oil With Petros
Published 8 November 2018 (12 hours 58 minutes ago)

From 2019 the Venezuelan state will use its cryptocurrency in oil-related international transactions.

The Government of Venezuela announced that the cryptocurrency Petro will be submitted to the Organization of Petroleum Exporting Countries (OPEC) as a unit of account for oil transactions. This virtual money is the world's first cryptocurrency issued by a state and backed by natural resources such as oil, gold, iron, and diamond.

The Venezuela Minister for Petroleum Manuel Quevedo, who is also the president of the state-owned oil company Pdvsa, indicated that transactions using Petro will begin to take place from the first semester of 2019.

"We will use Petro in OPEC as a solid and reliable currency to market our oil in the world," Quevedo said from the headquarters of the National Superintendence of Cryptoactives and Related Assets (Sunacrip).

The minister also pointed out that this cryptocurrency is a fundamental part of the economic recovery of the South American nation given that all Venezuelan petroleum products will be traded in Petros.

President @NicolasMaduro called on the Venezuelan people to motivate themselves to know the application scheme of currency the Petro, a digital currency which aims at fostering international trade so as to overcome the U.S. financial blockade.

"We are going to growth and economic prosperity of our country giving a hand to the future since Petro is a currency that is backed by mineral resources," the Minister of Petroleum added.

Quevedo also called on companies interested in acquiring crude oil products to join this platform.

(TeleSur is the bought and paid for propaganda mouthpiece for Chavismo, who gets half their stories from both Sputnik and RussiaToday. Chavismo retains sole ownership of all content.)

There is no way to purchase Petros, as nobody is selling them. Even the shabby, sad kiosk opened last week in Caracas by Chavismo closed two days later when NOBODY purchased the fraudulent cryptocurrency. They cannot be bought, sold nor traded. Until recently, even Maduro refused to allow Venezuelans to purchase the fraudulent tokens with the nearly worthless Bolivars. There is a single "white paper" that changes weekly, if you can get it to show up on the web page. There are no functioning wallets. No ledgers. No blockchain. No transparency. NOTHING. But Maduro says that he expects all buyers to purchase with his Petro... based on Chavista promises to repay?

BTW... the people who helped Maduro invent this scam (the Russians) forbid Russians from acquiring Petros.

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