UTC-05:00,Saturday , November 17th 2018
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OPEC: Venezuela to Trade Oil with Petros

04:22 Thursday , November 08th 2018
The Government of Venezuela announced that the cryptocurrency Petro will be submitted to the Organization of Petroleum Exporting Countries (OPEC) as a unit of account for oil transactions. This virtual money is the world's first cryptocurrency issued by a state and backed by natural resources such as oil, gold, iron, and diamond.

The Venezuela Minister for Petroleum Manuel Quevedo, who is also the president of the state-owned oil company Pdvsa, indicated that transactions using Petro will begin to take place from the first semester of 2019.