Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services

The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro.

According to Decrypt, Bank of Venezuela customers have reported a new module integrated into the management interface of their accounts to facilitate registration for a digital wallet that supports the Petro.

Anecdotal reports cited by the publication describe the wallet as having limited functionality, with users only able to transfer the virtual currency via the Petro’s official wallet, and trade the tokens on authorized local exchanges such s Criptolago and Amberes.

The wallet purportedly features a drop-down menu allowing users to choose what type of cryptocurrency they wish to use, indicating that Bank of Venezuela is seeking to support other virtual currencies in the future.

Reference: https://www.ccn.com/record-bitcoin-trade-venezuela-petro/

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