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Tag Archives: Venezuela

Eighth Dash Conference Held in Caracas, Venezuela

While the majority of blockchain news coverage this week is focused elsewhere, the DASH Caracas Conferences Cycle held their eighth conference in Caracas, Venezuela this past Saturday, May 12. Dash Force News spoke with Eugenia Alcalá Sucre, founder of DASH Caracas and DASH Venezuela about the event. The entire conference cycle, which holds one conference each month for a year, is ...

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Venezuela Spends 20,000 Petro to Create a Digital Cryptocurrency Bank – The Merkle

Venezuela is a remarkable country when it comes to cryptocurrency. Despite the Petro currency continuing to be scrutinized left, right, and center, it seems there are big plans for this crypto. More specifically, the government now aims to create a digital cryptocurrency bank directly targeted at younger residents. The venture will receive $1.2 billion worth of funding in the form of 20 million Petro. ...

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Venezuela to Launch Petro-funded Youth Bank, Maduro Claims

Join our community of 10 000 traders on Hacked.com for just $39 per month. Venezuela will open a youth bank funded by the government’s state-backed petro cryptocurrency, the country’s president said on Thursday. Nicolas Maduro announced the initiative during a youth rally held in the state of Aragua, and regional news outlet Telesur reports that he committed to funding the ...

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Venezuela Offers India Discounted Oil to Boost Petro Confidence

Venezuela has reportedly offered the Indian government a fantastic deal: a 30 percent discount on crude oil imports. The only condition being that the oil must be purchased through the nation’s newly minted cryptocurrency, the Petro. Venezuelan Crisis   The release of the currency comes as Maduro’s government attempts to address a number of pressing financial issues that have pushed ...

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Venezuela Pushes Adoption of the Petro

President Maduro of Venezuela is creating new incentives and structures to increase usage of the Petro as its pre-sale ends. Maduro has certified 16 exchanges that he hopes will list the Petro, although there is yet to be any confirmation that any of the exchanges have agreed to actually list the Petro. Despite this fact, Maduro claims that “certification of ...

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

Join our community of 10 000 traders on Hacked.com for just $39 per month. 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 ...

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Venezuela Entices India to pay for Discounted Crude Oil With Petro Cryptocurrency

Venezuela’s Petro cryptocurrency has been off to an interesting start. Despite clear opposition from various countries, the Venezuelan governments want to improve the widespread use of this currency. As such, the government is now looking at India to purchase crude oil from Venezuela at a 30% discount. This discount will only apply if India uses the Petro for the payment, ...

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DiscoverDash Lists Over 1,000 Dash-Accepting Businesses Worldwide, 116 in Venezuela

Dash merchant listing site DiscoverDash has passed 1,000 listings around the world, with heaviest adoption concentration in Venezuela. Initially announced in May of last year, DiscoverDash is a merchant listing site for Dash that aims to comprehensively list accepting businesses around the world, as well as provide usability functions and new user guides. Major adoption clusters appear in New Hampshire ...

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Seventh Dash Conference Hosted in Venezuela

The seventh Dash conference was hosted in Venezuela and fetched over 600 people in attendance who wanted to learn more about how cryptocurrency, in particular Dash, can benefit their lives. The Dash conferences have grown from around 140 Venezuelans in the first conference to now having over 8,000 people in their database. Eugenia Alcalá Sucre, founder of DASH Caracas and ...

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Bitcoin Lags in Acceptance with Online Merchants, but Dash expands in New Hampshire and Venezuela

A Morgan Stanley survey revealed that Bitcoin was “accepted at only four of the top 500 online merchants in the March quarter” and “adoption remained unchanged”. The report mentioned how there has been no “notable acceptance among larger merchants, with the exception of Overstock.” James Faucette, one of the analysts behind the report, however, did mention that they “recognize that ...

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