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The President Of Venezuela Says The Country Is Going to Pay Retirees and Pensioners Christmas Bonus in Petro



 The President of Venezuelan Nicholas Maduro announced that the Christmas bonus of the country’s retirees and pensioners will be paid to them in the national cryptocurrency PETRO.
The Twitter profile of local news outlet Venepress reported on Maduro’s remarks on Nov. 17. This particular instance is not the first time that Venezuela pushes Petro into the wallets of pensioners so far.
As Cointelegraph reported in December last year, Venezuela back then has automatically converted pensioners’ bonuses for the year into Petro.

PETRO THE OFFICIAL DIGITAL CURRENCY FOR THE NATION?

The crypto asset petro was first launched for a pre-sale in February 2018 and it raised concerns among foreign observers and crypto experts as well as enthusiast from the start. In August last year, Petro was already scornfully denounced as not a transparent “stunt” backed by a centralized and debt-saddled entity.
which is not the concept of all digital currency.
apparently, the national cryptocurrency and other cryptocurrencies as a whole are being increasingly pushed and supported by the local government.
As Cointelegraph Spain reported on Nov. 13, the Deputy of the National Constituent Assembly of Venezuela, Francisco Torrealba, said that he believes all currencies will be replaced by cryptocurrencies.
Speaking about Venezuela, Torrealba claimed that the country is facing a great change and Maduro is making a “great contribution” to the country by creating the Petro. He concluded his interview by saying that "everything will be from this currency (the PETRO).”
image credit: Time.

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