Venezuela will issue passports for the Petro. But is there a coin?
Source:The Citizens of Venezuela will now have to pay the state fee for the issuance or re-issuance of passports in the national bitcoin El Petro. The first service will cost 2 coins ($115), the second one (57.5 per dollar). The amount is equivalent to four and two average monthly salaries in the country, respectively.
About the translation system of state taxes with Fiat money to cryptocurrency on television a press conference in Caracas declared the Vice-President, Delcy Rodriguez. In the result the fee for the issuance or renewal of a passport has increased several times in terms of denomination and most severe financial crisis in the country.
How to use PPC to Venezuela
Starting November 1, the passports will need to pay in Petro, the issuance of a new passport will cost two Petro, the extension — one Petro. For overseas Venezuelans to November 1, the fee will be $ 200 for delivery and $ 100 for the extension.
Earlier, the Reuters representatives expressed doubt that cryptocurrency El Petro at all . The publication cites the words of several residents Acoperire — settlement, which stores strategic oil reserves of Venezuela. The cost of Petro El attached to it, but the citizens have never used the coins for payments and I doubt whether it did their friends and relatives.
Coin is not traded on the stock exchanges, it is not accepted in stores, it is not used in the public services, and the majority of citizens in Venezuela and local experts in the field of finances are not familiar with it. Accordingly, the publication admitted that the coin does not exist. The current government's decision does not prove the reality of Petro. Perhaps all calculations will be carried out by the same amount, but in a different Fiat currency — for example, in bolivars.
Previously the Venezuelan President Nicolas Maduro ordered local banks to accept Petro along with Bolivar. But apparently, the scope of national cryptocurrencies such measures are not expanded. Information about what is happening in the country shared employees .
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