Wednesday, December 2, 2020

Tag: Venezuela Mandates Passport Fees Must Be Paid in Controversial Cryptocurrency Petro

Venezuela Mandates Passport Fees Must Be Paid in Controversial Cryptocurrency Petro

by William Suberg, Coin Telegraph:

Venezuelans can only use the state-backed cryptocurrency, the Petro, to pay for passport fees starting next week, the country’s vice president Delcy Rodriguez said in a press conference Friday, Oct. 5.

Ahead of Petro’s official “launch” in November, Rodriguez confirmed that as of Monday, Oct. 8, fees for all passport applications will only be payable in Petro, and will cost an increased amount: 2 petros for a new passport and 1 petro for an extension.