Hi Steemians!
It is called Petro, and want to run around this shopping scheme on the example of automotive parts for KAMAZ. This was announced by Minister of foreign trade Jose Vielma Mora.
Cooperation with Russian KAMAZ was discussed during intergovernmental negotiations in Caracas. It concerned the purchase of parts, spare parts, tires and batteries, as well as the possibility of assembling these machines in Venezuela.When discussing the form of payment, we are talking about payments in Petro, a local cryptocurrency, RIA Novosti reported.
However, how Russia will be able to monetize virtual money is not reported. In Russia, there is no legal framework for cryptocurrency, and the Ministry of economic development is only thinking about creating a testing ground for digital money in the far East.
Venezuela announced the launch of the national cryptocurrency petro in February this year. Then they announced the recommended rate-60 us dollars per crypto coin. President Nicolas Maduro said that Petro's sales reached 735 million dollars. Venezuela is the first country with its own electronic currency, which is supported by oil reserves.
See you soon, Shaloop https://steemit.com/@shaloop 🚀
In January 2018 BelAZ has published a proposal for the sale of equipment for the cryptocurrency. Thus, Belarusians were ahead of Russians, in the country cryptocurrency is legalized.
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I think the cryptocurrency revolution starts from countries which own currencies are not very powerful in compare to USD, CNY, EUR or GBP.
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