30% discount on oil when paying in El Petro

President of Venezuela Nicholas Maduro is keep making efforts to popularize the national cryptocurrency El Petro. Not long ago, the Ministry of Industry of Russia discussed with Venezuela the possibility of settlements in El Petro for components to KAMAZ vehicles that will be assembled in Venezuela.

On Monday, the government of India received a generous offer from Venezuela to buy oil with a 30 percent discount, if it is paid for by El Petro.

While the government of India does not have a formal right to conclude cryptocurrency transaction - the Reserve Bank operates in the country. However, on July 20, the Supreme Court will consider five lawsuits for the cancellation of the Reserve Bank decision filed by cryptocurrency companies and the National Association of Internet and Mobile Communications.