June 15, 2021

Venezuelan government pays senior citizens Christmas prizes at Petro

Venezuelan President Nicolas Maduro announces retirement Christmas prize this year will be paid in Petro's national cryptocurrency.

This is not the first time Maduro is promotingPetro also pays pensioners various bonuses in the state cryptocurrency. In addition, in December last year, the Venezuelan government announced the start of the transfer of pension savings of Venezuelan citizens to Petro.

Recently Member of National Constituentmeetings of Venezuela Francisco Torrealba expressed the opinion that all currencies will be replaced by cryptocurrencies. He emphasized that Venezuela is now undergoing a stage of significant change and Maduro did a “great service” to the country when he launched Petro.

In July of this year, Maduro obliged the Bank of Venezuelastart working with Petro, and in August, the head of the department of the Office of Crypto Assets and Related Operations (Sunacrip) called on the public to use Petro for cross-border payments.

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