Venezuelans Forced to Use Petro Cryptocurrency to Pay for Passports

Venezuelans Forced to Use Petro Cryptocurrency to Pay for Passports

A report indicates that Venezuelans are now forced to pay for passports with the country’s controversial Petro cryptocurrency.

According to Bloomberg, Vice President Delcy Rodriguez said in a press conference on Friday that the citizens of a new passport will have two petro, 7,200 Bolivars amount.

News zodiac sign indicates that with minimum monthly wages four times the amount of money, Venezuela’s people have to face a difficult task to get their travel documents because they have to escape from the economic and humanitarian crisis of the country. Let’s try.

The country has also announced the establishment of a police force specifically to deal with migration, as Finance Magnets reports that the emphasis on petro payments for passports and the increased price point aimed at the tide of people seeking to flee Venezuela.

Despite reaching pre-sale in February last week president maduro launched the oil mineral-backed crypto token formally. Maduro has also seen revised national currency, sovereign bolivar, to the petro.

However, tokens are used openly to overthrow US-led sanctions against the country, so President Trump moved to block their use in commerce with new restrictions in March.

Last week, the U.S. A bipartisan group of senators also pressurized for tighter sanctions against Petro, in which the efforts of using Petro were sought to ban the American residents who provided “software” to the Venezuelan government.

Keeping in mind all its expectations in the success of Token, Maduro is making a major campaign to force the institutions to use Petro. At the end of August, they ordered banks to adopt Petro, which forced the companies doing the same job in March. According to the announcement in August, the country should also get the pension and wage system of cryptocurrency.

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