Petro Available for Trading
The Petro cryptocurrency was developed by the Venezuelan government as a way of circumventing the U.S sanction place on its national currency which has in-turn plunged the country into one of the deepest depression ever experienced by a South American country. The development of the coin was faced by great criticisms from experts within and without the country, but this hasn’t in anyway derailed the country’s government from achieving its plans.
Even though many have doubted the legitimacy of the Petro national crypto, the token has managed to get itself listed on six cryptocurrency exchanges authorised by the government.
Based on the report from a local media outlet Noticiero Digital, the six exchanges has been identified as, Afx Trade, Bancar, Cave Blockchain, Cryptia, Amberes Coin, Criptolago, and Cryptia. These crypto exchanges will be charged with handling the sales and marketing of the national cryptocurrency.
The Original Plan was for 16 Exchanges
It should, however, be noted that the Venezuelan President Bicolas Maduro gave a speech earlier this month pertaining to the listing of the coins. He made it known that the coin will be marketed on 16 exchanges. So far we only have 6 exchanges.
Many have argued that with the current decline in price most popular coins are experiencing in the market right now, this might not be the perfect time to introduce a coin with a shaky history. Hopefully, the coin will gain massive adoption as it seems like the future of Venezuela is hanging on it.