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Venezuela Offers India Crude Oil On 30% Discount, Only If It Agrees To Pay In Cryptocurren
Posted on 4/30/18 at 6:04 pm
Posted on 4/30/18 at 6:04 pm
LINK
Venezuela has offered India a 30 percent discount on crude oil purchase provided India uses the country’s blockchain technology-based currency petro. According to the story by Business Standard, the South American country has offered in India this.
Put on a pre-sale on February 20, Petro is the world’s first state-backed cryptocurrency tied to Venezuela’s oil reserves. Venezuela’s oil reserves are largest with 300 billion barrels whereas Saudi Arabia, the largest producer of crude is second to it with 266 billion barrels of reserves.
A team of experts from Venezuela’s blockchain department was in India last month. It has also reported that they signed a pact with Coinsecure, a Delhi based bitcoin trading company to sell Petro in India.
Coinsecure Chief Executive Officer Mohit Kalra said Venezuela wanted to add Petro as a cryptocurrency on his network in order to trade bitcoin and the Indian currency.
Venezuela has offered India a 30 percent discount on crude oil purchase provided India uses the country’s blockchain technology-based currency petro. According to the story by Business Standard, the South American country has offered in India this.
Put on a pre-sale on February 20, Petro is the world’s first state-backed cryptocurrency tied to Venezuela’s oil reserves. Venezuela’s oil reserves are largest with 300 billion barrels whereas Saudi Arabia, the largest producer of crude is second to it with 266 billion barrels of reserves.
A team of experts from Venezuela’s blockchain department was in India last month. It has also reported that they signed a pact with Coinsecure, a Delhi based bitcoin trading company to sell Petro in India.
Coinsecure Chief Executive Officer Mohit Kalra said Venezuela wanted to add Petro as a cryptocurrency on his network in order to trade bitcoin and the Indian currency.
5
Posted on 4/30/18 at 6:07 pm to DavidTheGnome
quote:
DavidTheGnome
Posted on 4/30/18 at 6:15 pm to Kafka
Posted on 4/30/18 at 6:18 pm to DavidTheGnome
That's some Mr. Robot type shite.
Posted on 4/30/18 at 6:21 pm to DavidTheGnome
Amazing how you can have the largest oil reserves in the world yet your people are dining on rats because you can't manage your resources better than a second grader.
Posted on 4/30/18 at 6:25 pm to upgrayedd
Socialism.
Everything is free!
Then magically there isn’t anything to be had.
Everything is free!
Then magically there isn’t anything to be had.
Posted on 4/30/18 at 6:28 pm to upgrayedd
Amazing how you can have 1.3 billion people and participated in 34 Olympic games since 1900 but only have 28 medals to show for it.
Posted on 4/30/18 at 6:28 pm to DavidTheGnome
Poliboard and/or Money Board.
Posted on 4/30/18 at 6:30 pm to redstick13
Not really amazing.
They are unathletic people whi apparently value doing things other than sports with their free time
They only like cricket
They are unathletic people whi apparently value doing things other than sports with their free time
They only like cricket
Posted on 4/30/18 at 6:30 pm to upgrayedd
“The problem with socialism is that eventually you run out of other people’s money”
- Margaret Thatcher
- Margaret Thatcher
Posted on 4/30/18 at 6:33 pm to deeprig9
"The problem is that no one has done socialism the right way."
-every socialist kid in college
-every socialist kid in college
Posted on 4/30/18 at 6:38 pm to DavidTheGnome
Trading oil by not using the petrodollar?
I guess Venezuela is choosing suicide by 'Murica as its means of death.
I guess Venezuela is choosing suicide by 'Murica as its means of death.
Posted on 4/30/18 at 6:38 pm to upgrayedd
Exactly.
“In a country with so much wealth we can easily provide free healthcare and college and basic living expenses “
True, for a few years. Then all the rich people are gone because you milked them dry or they bailed out.
Then how do you pay for all that shite?
“Print money!”
End of society.
“In a country with so much wealth we can easily provide free healthcare and college and basic living expenses “
True, for a few years. Then all the rich people are gone because you milked them dry or they bailed out.
Then how do you pay for all that shite?
“Print money!”
End of society.
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