Author Topic: CNN: 30% Off Venezuela Offers India Cheap Crude Oil on Discount if Paid in Petro  (Read 8140 times)

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30% Off! Venezuela Offers India Cheap Crude Oil on a Discount, if Paid in Petro

Venezuela has recently offered India a 30 percent discount on crude oil purchases if the country purchases it using its oil-backed cryptocurrency, the Petro.

According to a report published by the Business Standard, a team of experts from Venezuela’s blockchain department went to India last month to conduct the deal.

While in India, Venezuela’s experts struck a deal with Delhi-based cryptocurrency exchange Coinsecure, to sell the Petro in India. As covered by CCN, the oil-backed cryptocurrency was announced late last year and has been sold to investors. It’ll be launched after the presidential elections in Venezuela, which are set to take place on May 20.

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Offline Bandys

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Venezuela Finance Department is doing an amazing job. It is the perfect way for Venezuela to promote their cryptocurrency. I hope that the deal goes through. More countries need to adopt this trading strategy. What do you guys think? Isn't it perfect?


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