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A Floating Utopia – Or Not?

A Floating Utopia – Or Not?

Oppressed by governments, slave owners, social inequality and unjust laws people have always dreamt of a place where everyone would be free. After realizing that leaving this planet is not an easy get-away plan, people started imagining utopian cities right here, on Earth. read more

The First Oil-Backed Cryptocurrency El Petro Is Officially Available Now

The First Oil-Backed Cryptocurrency El Petro Is Officially Available Now

Nicolás Maduro, the president of Venezuela announced the National Cryptoactive Plan of Venezuela for the next 10 years which is also an official launch of the national oil-backed cryptocurrency El Petro (PTR). 

Be My Petro

He encouraged Venezuelans to buy and use El Petro. For that reason, an official Petro website has been already launched as well as Petro Wallet that is now available on Google Play. 

The president stated that the national cryptocurrency is now available on the six largest and the most popular crypto exchanges. Yet the public sale of the cryptocurrency starts November, 5.

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Bitcoin Boom in Venezuela

Bitcoin Boom in Venezuela

Venezuela is one of the richest oil-producing countries that struggles political and economic issues. Big issues. 

Poor Rich Country

According to Bloomberg, the inflation rate in the country is about to hit 1,000,000%. The forecast about inflation-situation is very grim. By the end of the year, it may be more than 1,370,000 %. 

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Venezuela Issues Passports For National Cryptocurrency

Venezuela Issues Passports For National Cryptocurrency

El pasaporte for El Petro (PTR): people of Venezuela must pay passport fees only with national cryptocurrency El Petro. 

The Vice President of the Republic, Delcy Rodríguez, reported October 5th that the passport fee would be 2 PTR and the extension – 1 PTR.

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