The president of Venezuela Nicolas Maduro called on workers to save in gold and state-run cryptocurrency Petro during a salary shake-up he announced Thursday, October 18, local news portal Noticiero Digital reports.
In a tv broadcast, Maduro stated that “within the coming weeks,” workers would begin receiving bonus bills “primarily basedon” Petro, as opposed to extant fiat currency, the Sovereign Bolivar.
due to the fact receiving its formal launch, Petro has persisted to garner suspicion from a couple of assets both within and outdoor Venezuela, grievance stemming from its alleged backing from a country oil business enterprise with large money owed than the cryptocurrency’s marketplace cap.
The tenuous situation led to an investigative piece by technology publication Wired in August describing it as a “scam on top of another scam.”
Unfazed, Maduro said the new bonus scheme represented payments “as it should be,” while also requesting viewers to turn to gold and Petro for their savings.
“I call on workers to invest a part of their bonuses in the gold savings plan, come here, legally, you will have your legal certificate, invest it in Petro to strengthen the family economy,” he said.
The announcement comes the same week Maduro authorized six alleged cryptocurrency exchanges in Venezuela to begin offering Petro trading.
Those involved have already attracted scrutiny themselves, with one, Cryptia, appearing to have zero trade volume for its existing assets Bitcoin (BTC), Ethereum (ETH), Dash (DASH) and Ripple (XRP).
In August, Maduro had mentioned Petro’s forthcoming use as a unit of account for salaries.