CRYPTAL OR PHYSICAL GOLD ?: THIS IS WHAT IS KNOWN ABOUT PETRO GOLD

During the closing ceremony of the oil pre-sale (PTR), the president of Venezuela, Nicolás Maduro, informed that Petro Oro will launch in a few days another investment project backed by raw materials from the South American country.

Although it is a sister project of the petro, in the case of Petro Oro, it seems that its concept is far from being cryptoactive. In his presentation, Maduro explained that it is a "means of investment" in which users can obtain a small gold leaf of 10, 20, 30 or 50 grams and up to 1 kilogram, according to the executive director.

"I have been preparing a new saving and investment option with the Central Bank, which is almost ready and I will activate it in the coming days, Petro Oro. Physically, we have it here (...) so that I can save"

Nicolás Maduro
President, Venezuela

As explained by the first president, Petro Oro can be purchased with fiduciary currencies and with cryptocurrencies. Although there are still no more details, it can be assumed that this project has some relationship with cryptocurrencies and blockchain technology, given that it is a similar initiative in terms of the use of raw materials in the country. "This is going to have physical existence so you can save," said Maduro.

Recall that on the first occasions in which this project was mentioned, it was presented as a new cryptocurrency backed by gold. "Petro is a cryptocurrency unique in the world, backed by oil and I have the surprise that next week I will launch, Gold Petro, with gold support, is even more powerful," explained Maduro in this project during the month of February. this year.

The small sheet presented has an engraving of the coat of arms of Venezuela on one side and the signature of Simón Bolívar on the other. Each of these sheets has been classified by the Central Bank of Venezuela (BCV). Although it has not been confirmed, as Maduro affirms, it can be inferred that Petro Oro can be purchased with petros (PTR).

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At the same time that this new investment proposal based on Venezuelan gold is appearing, the government of this country is making progress in the progress of the Petro cryptographic project, supported by the barrels of oil found in the Orinoco Oil Belt (the largest reserves of oil). extra heavy in the world).

According to Maduro's most recent statements, the private pre-sale of this token would have reached a total of 3,380 million dollars and already has 16 exchange houses authorized to operate with the PTR, although he did not offer more details on the subject. The incompleteness of the information offered about the oil fields still remains empty throughout the project.