Venezuelan Head of Crypto Activities Urges Citizens to Use National Cryptocurrency, Petro

The National Superintendent of Crypto activities (SUNACRIP), Joselit Ramírez, held an interview asking Venezuelans to support the federal cryptocurrency and use the Patria Remesa, a remittance blockchain platform, to make global transactions. Hyperinflation and sanctions from the US government is making it harder for the populous to get ahold on dollars increasing the demand for cryptocurrencies.

The Government Is Urging Its Citizens to Select Petro as their Coin of Choice.

Speaking to a state sponsored radio network, Radio Nacional de Venezuela, Ramírez, urged Venezuelans that the new remittance system is ready for use. The SUNACRIP committee he heads is an autonomous body in charge of digital assets activities in the country and also focuses on implementing the Petro cryptocurrency for use in Venezuela.

Joselit further praised the Petro dollar, backed by oil and gold reserves, as a sure way of Venezuelans preserving the value for their money. He said,

“It is the easiest, easiest and safest way to send money, and it is the only way that income is not depreciated.”

The Economic Revolution on Venezuela

An ongoing war with its own economy, sanctions from the world over, a failing currency and hyperinflation is the state of Venezuela at the moment. However, the SUNACRIP head believes these problems, caused by the traditional financial system, are easily solved by the concept of cryptocurrencies.

“The traditional financial system is no longer enough. That's why cryptocurrencies arrived to open their eyes to the economic world.”

Other Cryptos Taking Over

The turmoil facing the country is forcing the populous to find alternatives to solve the financial burdens and economic struggles. Despite the calls to use Petro and the Patria Remesa System, Venezuelans seem to have an affinity to Bitcoin and altcoins such as Dash and recently PundiX.

Joselit shared his views on the overall cryptocurrency industry and the impact on the global economy saying,

“The world is evolving, there is a new economic revolution that is coming to continue advancing in the country and contribute to the world economy.”

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[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

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