- President Nicolas Maduro Claims Petro Has Raised $3bn from Investors in 127 Nations.
- Majority of these orders were in dollars, followed by Bitcoin and Ether.
Venezuela: The Venezuelan President, Nicolas Maduro has recently made some claims about the pre-sale of Petro – the nations’s oil-backed cryptocurrency. About a week following the pre-sale, the Venezuelan government declared that Petro has raised 3 billion USD from 171,015 certified purchases, from investors in 127 nations. Maduro added that the majority of these orders were in US Dollars, followed by Bitcoin and Ether.
According to a report from Telesur, President Maduro of Venezuela made an announcement this week that his Petro has received “a total of 171,015 certified purchases.”
On the website of the Venezuelan vice president, Nicholas Maduro further revealed that “40.8% has been offered in dollars, 6.5% in euros, 18.4% in ethereum, 33.8% in bitcoin and 0.2% in yuan,” adding that:
“About 87,284 users made offers to acquire Petros, of which 3,523 are companies and 83,761 people…127 countries have participated at the moment.”
Poland, earlier this week, denied reports on its interest in Petro. Alexander Shchetinin, the director of the Latin American Department of the Russian Foreign Ministry, this week told reporters that Petro “should be carefully studied before talking about the possibilities of its use by Russia,” according to a report by Ria Novosti. Meanwhile, Alexander Ruchyev, the president of financial holding company Osnova declared that Zeus, a Russian startup reportedly helped Venezuela with the launch of Petro.
Hugbel Roa, the Venezuelan Minister of Education, Science and Technology, subsequently explained that Petro pre-sale will last 30 days. He described:
“After the pre-sale, [there will be] the sale of the digital asset [petro], which will last 15 days. After 45 days that will last these two processes, we will start with great force to consolidate the entire exchange subsystem of the petro.”
This claim was confirmed by the state-owned radio station Radio Mundial, stating that Maduro said that “more than three billion dollars are reported after sales and transactions related to the Venezuelan cryptocurrency, the petro.”
It was also confirmed on the website of the Venezuelan Ministry of Popular Power for Communication and Information (MINCI) quoting Maduro:
“In the first seven days, since its [Petro’s] launch, the state has received 3 billion dollars, which will be used to cover the financial needs of the country.”
Do you think this claim by President Nicolas Maduro is true? Let us know in the comment box below.
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