The Venezuelan government’s Petro token to be sold on Dicom foreign exchange platform
- Petro to be auctioned to private companies at Dicom foreign exchange.
- Petro will be a powerful currency on the international scale even above the dollar.
The Venezuelan government is moving swiftly with the infamous Petro token. The current news has it that the oil-backed crypto token will be bought on Dicom exchange platform in just a few weeks. Dicom is famous in Venezuela because it is the place where foreign currency is actioned.
The venue was launched in May 2017 and has been through ups and downs, closing at one moment but was relaunched.To participate in the auction users are required to open foreign currency bank with a bank and also register electronically. Dicom exchange has been growing fast and had over 500,000 users.
Petro will be auctioned to private companies according to a statement by the Vice President Tareck El Aissami, “The Petro is going to be our powerful international currency, above the dollar.” He added that Petro will be purchased using fiat currencies, and banks have the opportunity to buy at a discount up to March 20. Although government is making progress with its nationally issued blockchain token, some opposing lawmakers have challenged the project saying it is an illegal currency read more here.
Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
