Venezuela invited OPEC countries to jointly develop the oil currency trading platform

nRunaway Comment: Venezuela, as one of the OPEC countries, during the meeting with OPEC Secretary-General, suggested that all member states should participate in the development of the petro trading platform for petro-currency and extend the monetary mechanism to non-OPEC countries. In addition to petroleum and precious metal-backed coins, Venezuela has also launched the Petro Container, a mining project, to achieve dense mine distribution in the country.n
nTranslation: Annie_Xun
Venezuelan President Maduro invited OPEC countries to jointly develop an encrypted currency trading platform based on oil value. Venezuela is already in preparation for a pre-sale of cryptocurrency petro, which can be used to pay taxes, fees and public services in the country.n
OPEC countries invitedn
In a meeting with OPEC Secretary-General Mohammed Barkindo, Maduro proposed that all OPEC countries jointly develop a platform for oil-based cryptocurrencies.n
OPEC 14 member states: Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela. Maduro also invited non-OPEC countries:n
n”I will formally recommend that OPEC and non-OPEC countries adopt a joint oil-based cryptocurrency mechanism.”n
nVenezuela recently released the petro white paper, which will be pre-sold on February 20 and the ICO in March.n
In addition to “support petro with 5 billion barrels of oil, we will also support our cryptocurrencies with precious metals in the country.”n
n”I have explained to Mohammed Barkindo the advantages of petro, the cryptocurrency that is the future of the world, and I and my citizens are both excited about it.”n
Petro’s promisen
Petro White wrote:n
n”The Bolivarian Republic of Venezuela pledges to recognize the payment of domestic taxes, fees, donations and public services on petros.”n
nn”The Venezuelan government is committed to promoting the adoption of petros in the domestic market and taking steps to inspire the world to accept it. The state will actively undertake to promote the use of petro’s commitment to encourage the growth of domestic and international user groups.”n
nIn addition, the white paper said, “PDVSA and other public companies and joint ventures will promote the use of petro, as well as domestic public bodies and regional and local governments.” Superintendency of Cryptocurrencies also announced that “PDVSA will adopt petro in corporate business relations.”n
And Superintendency further introduces the previously announced mining project Petro Container, which will promote “the popularity of mines in secondary schools, universities, university towns and popular industries.”n

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