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28 July 2021

Nicolas Maduro States Venezuela Pioneered Crypto Adoption in South America as Petro Use Flounders – Bitcoin News

Nicolas Maduro States Venezuela Pioneered Crypto Adoption in South America as Petro Use Flounders – Bitcoin News


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Nicolas Maduro States Venezuela Pioneered Crypto Adoption in South America as Petro Use Flounders – Bitcoin News.

President Nicolas Maduro stated that Venezuela was a pioneer in cryptocurrency adoption in Latam in an interview with Bloomberg last week.

However, the petro token, its official cryptocurrency, has failed to pick up steam in national and international markets.

Venezuelan President Nicolas Maduro reaffirmed the pioneer action that Venezuela had on crypto adoption in Latam.

When asked about why Venezuela did not take that route, Maduro stated:.

However, the petro token has not gained the same popularity as other crypto assets.

However, cryptocurrency penetration in payments is still really small in Venezuela?

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