A senior Russian official has confirmed that Venezuela's debt to Russia, a total of $3.15 billion owed to the Kremlin within a 10-year period, won't be reimbursed in any part with Venezuelan state cryptocurrency petro.
Venezuela's token El Petro, the world's first state cryptocurrency, would have increased $ 5 billion in its first currency offer (ICO), according to Venezuelan President Nicolás Maduro.
A Russian official asserts that his country never partnered with Venezuela about the Petro, Venezuela's national cryptocurrency, Russia's news source Tass reported Friday. The world's first state cryptocurrency is marked by the Petro.
Venezuela's oil-backed cryptocurrency keeps making headlines, as the country's cryptocurrency superintendent, Carlos Vargas, recently declared that airlines in Venezuela can currently take the Petro (PTR) and other cryptocurrencies as a payment system.
The initial coin offering (ICO) presale for Venezuela's high-profile 'Petro' cryptocurrency was a resounding success — at least based on state-run media outlets.