Venezuela Isn't Paying Debts in State Crypto Petro: Russian Official

Venezuela Isn't Paying Debts in State Crypto Petro: Russian Official

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.

President Orders Airlines to Accept Petro, Cryptocurrencies

President Orders Airlines to Accept Petro, Cryptocurrencies

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.

President Claims 'Petro' Has Got 171,000 Pre-registrations

President Claims 'Petro' Has Got 171,000 Pre-registrations

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.