Bolivar – Page 3 – DIGIT INFO

Venezuelans to Be Paid at Least Half a Petro a Month

Venezuelans to Be Paid at Least Half a Petro a Month Announcing a 60-fold increase of the minimum monthly salary, President Maduro promised Venezuelans they will be paid at least 0.5 petro, once his monetary reforms are in place next week. The national crypto will be exchanged at a rate of $60 USD and the new “sovereign bolivar” will be pegged to the digital coin. […]

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Venezuela to Have Two Units of Account – Petro and Petro-Pegged Bolivar

Venezuela to Have Two Units of Account – Petro and Petro-Pegged Bolivar President Maduro’s Venezuela is preparing to effectively adopt next week two official units of account – the nation’s crypto, El Petro, and the new petro-pegged bolivar that will replace the inflated national fiat. New salary and pricing mechanisms will be implemented as well, the country’s leftist leader promised. Also read: Malta Tops Exchange-Based Crypto […]

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Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says

Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says A new Venezuelan fiat currency, ‘anchored’ to the nation’s crypto, the Petro, is expected to start circulating in the second half of August. The news was announced by president Maduro himself, along with other measures intended to improve the economic situation in the country. The ‘Sovereign Bolivar’ will have less zeros than the inflated ‘Strong […]

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Nano Community Feeds Multiple Venezuelan Families With Minor Donation Spree

A few days ago, an interesting story began to surface on Reddit. It was explained that a 0.5 NANO donation was worth more than the average monthly wage in Venezuela. That story has evolved in a positive direction, as the user receiving a donation in that amount successfully bought over 100 kilograms of food using the […]

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Meet the Charity ‘eat BCH’ – the P2P Electronic Cash-to-Food System

Over the past few months of 2018 flying under the radar, there’s a new charity aimed at feeding Venezuelan citizens and their children — a group called ‘eat BCH.’ The group has been getting a lot of bitcoin cash (BCH) donations towards feeding the hungry from within the country’s troubled economy. The donations are proving […]

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Rubles Can Buy You Petro Maduro Says While Denominating Venezuela’s Currency

Rubles Can Buy You Petro Maduro Says While Denominating Venezuela’s Currency El Petro, the Venezuelan cryptocurrency, can now be purchased with Russian rubles, among other fiat currencies, President Nicolás Maduro announced. Companies from many countries, including the United States, want to buy the oil-backed crypto, he added. Venezuela’s head of state also said he decided to denominate the national currency, the bolivar. Also read: Venezuela Recruiting […]

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Venezuela Orders Government Services to Accept Any Cryptocurrency

Venezuela’s president Nicolas Maduro has ordered the country’s consular services, as well as several other services and gas stations, to accept any cryptocurrency including the nation’s own petro. In addition, he has announced the launch of another cryptocurrency, this time backed with gold. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Maduro’s Orders […]

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