The Venezuelan president, Nicolás Maduro, has claimed that 2021 will be the year of the state-backed petro (PTR) token. He also promised to boost a “100% national digital economy” agenda through a “complete digitalization process.”

77% of Trade Transactions in Venezuela Are Made via Digital Solutions in Bolivar

During an annual speech at the National Assembly, Maduro talked about a “revival” for the petro, a cryptocurrency that some analysts have not seen any strong potentials in, at least in terms of adoption.

However, the Venezuelan president believes his economy’s agenda should boost the national crypto market and its related remittance service, Patria. He explained:

The revival of the use of petro, of all cryptocurrency systems, the use of blockchain technologies, the development of the Patria system, and the generation of new applications will set the tone for 2021.

Over the year, Maduro plans to strengthen the usage of contactless payment solutions to ride-off from cash payments….

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Source: https://news.bitcoin.com/venezuelan-president-maduro-promises-2021-boost-usage-of-petro/