Venezuela offers India 30% discount on crude oil purchases if India pays back in cryptocurrency
Venezuela is a South American country that has the largest proven oil reserves in the world and it has offered Indian Government a deal of a lifetime: a whopping thirty-percent discount on crude oil if and only if India pays Venezuela in Petro which is a state-backed virtual currency introduced by the Venezuelan Government back in February and which has recently tied-up with Coinsecure, an Indian digital currency exchange.
As per information leaked to the Indian media by sources close to the Indian government, the Ministry of Petroleum and Natural Gas is said to be seriously considering this offer and has called for a meeting with officials from the Ministry of Finance. Whether India takes this offer or not will be known not before the end of May when the Venezuelan Presidential Election will be over and a new President takes charge.
Thank you for updating us with the information. ;)
I do hope we buy the oil lol. 30 percent is a huge discount. Can spend the savings on monorail projects in Tier 2 cities.
excellent friend. You have my support I hope to have your support to keep growin from venezuela
VERY interesting. I hope the Indian government gets out of their "old, archaic ways" and sees the huge possibilities of the cryptocurrency world. Get on the game or lose out BIG!!
Seriously man, it's about time they embrace cryptos or they're gonna miss yet another train like the manufacturing train we missed in the 90s to China. Short-sighted socialism should die in this country.