Venezuelan authorities have called the new launch date of public sales of cryptocurrency Petro. They will begin on October 29, not November 5, as previously reported.

As explained by the representative of the economic block of the government Tareck El Aissami, citizens and companies interested in buying Petro coins will be able to do this via the website www.petro.gob.ve or the headquarters of the main department of the project, reports the local TV channel VTV.

The official noted that the authorities are ready to listen to the wishes of businesses and private investors to improve the quality of cryptocurrency, including support for digital wallet software and mobile applications for managing accounts.

On November 5, negotiations will be held between representatives of the government and banks, during which the parties will try to develop a mechanism for servicing cryptocurrency transactions.

During his speech, El Aissami stressed:

We have already signed commercial contracts in Petro cryptocurrency, the amount of which exceeds $500 million. Moreover, we managed to sign such contracts in just one week; We thank the operators who are ready to accept the Venezuelan cryptocurrency in the sale of their goods and services.

In addition to domestic use, the authorities of the Latin American Republic want to finance international trade through this digital asset.

Venezuelan President Nicolas Maduro said earlier that the high reliability of the state cryptocurrency Petro will be the key to its success in the global market.

Author’s comments:

It seems that Petro is trying to become trustworthy cryptocurrency again. Earlier I wrote an article with my personal opinion about Petro. Currently, I can point out improvements in this project. Even though it seems that everything is being made “in the last minute”, Petro can be taken more seriously now: the website is more prepared for the sales (it uses HTTPS protocol finally) and even block explorer seems to be present (and probably – even working? cannot be checked now). And one more thing: have you ever seen any crypto project that wasn’t delayed and started earlier? That’s something pleasant and new for the crypto world!

I will try to purchase Petro during the sale out of pure curiosity to get a better understanding of this cryptocurrency. Please share your thoughts about this idea.

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