Largest Venezuelan Department Store Accepts Petro Crypto As Mean of Payment

It has been revealed that Venezuela’s largest department store, Traki will now be accepting the country’s national cryptocurrency, Petro as a mean of payment reports CCN. According to the claims made, said the news was not boasted about, but rather witnessed at the department store as a sign.

Images of said signs have since been made available in which they read, “Petro Accepted Here”.

The news outlet further shared that Traki is not offering this option in all of its branches as of yet, adding that Caracas will serve as a trial run to assess its overall success.

Whether this news is factual or not was initially doubted until the National Superintendency of Criptoactivos confirmed it's like on Twitter, as seen in the series of tweets below.

This isn’t Traki’s first endeavors within the crypto sphere, as the department store has been contributing to the overall adoption since 2018.

Traki started accepting cryptocurrencies such as Bitcoin [BTC] and other altcoins along with Petro. The latter’s inclusion led to difficulties that stemmed from trying to convert the crypto into fiat currency. This ultimately led the company to halt Petro from its operations back then.

In terms of what changes since last year, especially for Traki to reconsider its likes has not been reasoned as of yet. Interestingly, the popularly used cryptos in the country include both BTC and DASH among Traki customers.

It has been argued that moving forward, employees need to be more informed of said acceptance and that the Petro requires further improvement for it to fully operate as a mean of payment.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Nirmala Velupillai
Nirmala Velupillai
Nirmala is a blogger who has been fascinated by the world of technology and its contributions to societal development. While a novice, her eager to learn about the crypto world has led her to write a number of pieces on its positive and negative aspects. On her spare time, she indulges in understanding and building statistical models and enhancing her painting skills.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Polkadot Holders Votes Could Scale DOT Token Supply by 1000x; A 100x Increase Leads the Polls

The Polkadot community can now vote on a redenomination proposal for its platform’s native token, DOT, which is set to see its supply increase....

South Korea May Classify Crypto As Goods, Not Currencies; Tacking On A 20% Capital Gains Tax

South Korea aims at introducing a capital gain on crypto assets that could be as high as 20% as the National Assembly looks at...

Bitcoin’s New Found Correlation Puts it in Danger

Bitcoin is back to hovering around $9,200 and in red as it continues to follow the S&P 500 but only to the downside. The Dow...

Bank Of England Governor Teases The Potential of Launching A Digital British Pound

Bank of England governor, Andrew Bailey, teases on the possibility of the U.K. introducing a central bank digital currency (CBDC) to keep up with...

World Bank Releases Research On The Impact Of Smart Contracts For Financial Inclusion

The World Bank released its report on smart contracts and the impact it’ll have on the development of financial systems across the globe. A...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today