Venezuelan retailers call cryptocurrency Petro a scam

Venezuelan retailers are negative about the spread of the petro cryptocurrency. They are notThey want to work with her and call the incident a government scam.

According to merchants, suppliersrefuse to accept petro as payment. They have to look for ways to convert cryptocurrency to fiat currency. At the same time, the Bank of Venezuela agrees to exchange digital currency for fiat only at a depreciated rate due to hyperinflation.

As the director of the National Council forsales and service (Consecomercio) of Josefina Salvatierra, because of the situation, outlets can significantly suffer, being left without goods, because they do not have money to settle accounts with suppliers.

“There are few organizations that agreemake an exchange, and only at the rate at the time of sale. The current situation only worsens the situation, because due to the rapid depreciation of the bolivar, it is extremely difficult to sell anything on credit and index the debt," Salvaterra said.

Former Consecomercio president María Carolina Uzcátegui calls petro a “trap” for merchants because they cannot make plans even several months in advance.

Most likely, the country's authorities will be unhappy with the refusal of retail outlets to work with petro, because they are actively trying to promote payments based on the national cryptocurrency.

A couple of weeks ago, it became known that a legal casino could open in Venezuela where it would be possible to place bets in petro.

</p></p>