BANCO DE VENEZUELA

Banco de Venezuela, founded in 1883, is an leading bank in Venezuela. In July 4 2019, Venezuela’s President Nicolas Maduro ordered Banco de Venezuela to accept its national cryptocurrency, the petro (petromoneda), which is backed by the its national oil and mineral reserves.

President Maduro Urged Bank of Venezuela to Trade Petro Crypto Nationwide
banco de venezuela

President Maduro Urged Bank of Venezuela to Trade Petro Crypto Nationwide

Venezuela’s President Nicolas Maduro ordered the leading bank in Venezuela, Banco de Venezuela to open up the transaction desks for Petro nationwide, as revealed by the Finance Ministry of Venezuela’s tweet on 4 July.