Venezuela offer India 30% discount in oil price if it paid on paid on El Petro.

[Kulafu]

On my opinion. Venezuela is baiting India. Venezuela wants India to buy it's crypto in full price and sale its oil on 30% discount using cryto.
Still same India never get a discount on oil. but helps to pump the El Petro. It gain for Venezuela loses for India.
https://thecryptograph.net/v1enezuela-offers-india-a-30-oil-discount-if-paid-in-crypto/

[batang_bitcoin]

If it's too good to be true, Venezuela will give that discount as they promised because they are aiming to pump the coin.

Once India starts to buy oil on sale, you'll see some people riding this hype.

[Kulafu]

If it's too good to be true, Venezuela will give that discount as they promised because they are aiming to pump the coin.

Once India starts to buy oil on sale, you'll see some people riding this hype.

Absolutely. Venezuela using their leverage on oil against India to pump their crypto.
Nice strategy.

[Wayan_Pedjeng]

Another piece of fake news. I don't know why the moderators are allowing news articles such as this one to be pasted here. Why should they offer a 30% discount, when the other countries are ready to purchase it even with a 3% to 5% cut?

[mybtcasset]

this is the true power of cryptocurrency when govt  run their own cryptocurrency coins we should understand how they can improve trade with other countries

[Muslimin mj]

On my opinion. Venezuela is baiting India. Venezuela wants India to buy it's crypto in full price and sale its oil on 30% discount using cryto.
Still same India never get a discount on oil. but helps to pump the El Petro. It gain for Venezuela loses for India.
https://thecryptograph.net/v1enezuela-offers-india-a-30-oil-discount-if-paid-in-crypto/

very good news in the world of cryptocurrency, venezuela strongly supports cryptocurrency, by applying it to India, I think if this happens then bitcoin will rise in price in the market, this is an economic politics of venezuela.

[Kulafu]

Another piece of fake news. I don't know why the moderators are allowing news articles such as this one to be pasted here. Why should they offer a 30% discount, when the other countries are ready to purchase it even with a 3% to 5% cut?

What is your bases of fake news?  Please prove you claim. 
If they offer 30% is none of your business why questioned their market? 

[Red-Apple]

Venezuela seems to be dead serious about their creation now. i applaud that. it is very interesting to see how this is going to work out too because although this may not be the first centralized country issued coin but this is practically the first coin that got big and the first serious one anyways.
i guess i have to follow it more closely now to see how it is going to turn out to be like in long term.

[Herlina]

Another piece of fake news. I don't know why the moderators are allowing news articles such as this one to be pasted here. Why should they offer a 30% discount, when the other countries are ready to purchase it even with a 3% to 5% cut?

I think it's not fake news, It news comes from Mohit Kalra "CEO of Coinsecure" and he told to Business Standard "Local Indian News Outlet" that discount has been offered when Venezuela’s Blockchain Department was in India last month:
http://www.business-standard.com/article/markets/venezuela-offers-india-30-discount-on-crude-but-with-cryptocurrency-rider-118042900018_1.html

[Kulafu]

Another piece of fake news. I don't know why the moderators are allowing news articles such as this one to be pasted here. Why should they offer a 30% discount, when the other countries are ready to purchase it even with a 3% to 5% cut?

I think it's not fake news, It news comes from Mohit Kalra "CEO of Coinsecure" and he told to Business Standard "Local Indian News Outlet" that discount has been offered when Venezuela’s Blockchain Department was in India last month:
http://www.business-standard.com/article/markets/venezuela-offers-india-30-discount-on-crude-but-with-cryptocurrency-rider-118042900018_1.html

Thank you dude for adding support on this. People just simply tag fake news without doing some research.

[Kulafu]

this is the true power of cryptocurrency when govt  run their own cryptocurrency coins we should understand how they can improve trade with other countries

If India would agree on that term it will pump the petro's price. Venezuela try to bait India. for a 30% discount on oil.

[BitcoinHodler]

On my opinion. Venezuela is baiting India. Venezuela wants India to buy it's crypto in full price and sale its oil on 30% discount using cryto.
Still same India never get a discount on oil. but helps to pump the El Petro. It gain for Venezuela loses for India.

nah, that is actually pretty interesting. they created a currency and now they are creating use cases for it and are making it more useful. i am very excited to see what will the fate of (practically) the first government issued cryptocurrency is going to be like. we have always been wondering about it, now we get to see it in real life.

[manish9841]

On my opinion. Venezuela is baiting India. Venezuela wants India to buy it's crypto in full price and sale its oil on 30% discount using cryto.
Still same India never get a discount on oil. but helps to pump the El Petro. It gain for Venezuela loses for India.
https://thecryptograph.net/v1enezuela-offers-india-a-30-oil-discount-if-paid-in-crypto/

This is the point where India can effectively leverage. Trust me, the western countries feel that they are dominant but since the developing economies are doing very good, India has a point to leverage. Interesting to see if India accepts Venezuela offer.

[Alohadanc3]

I don't know this News is fake or not. I read it today morning on some trusted site. Many people in this thread saying that its a big win-win for Venezuela. Maybe it is. But I think it will be more big win-win for us(crypto lovers) if India accepts it. In India, we don't know what gonna happen with crypto. Our reserve bank wants to cuts all link from crypto. So if India accepts this offer maybe they don't ban crypto. And people get hopes. We live in a country where the jobless counts over 10%. The income rate of 17% per head is less than 1$/day(maybe .5-.6$). I think it will be great if India will accept crypto and it will help to grow our economy. And when the economy grows at least people get food and fresh water to live. I am really excited about this deal. Let's SEE.

[Bittalk12]

If that happens, Petro will definitely be bullish and most investors will be hooked to put some attentions with Venezuela's altcoin. It is actually a good strategy to pump an altcoin and since Petro is claiming that it was backed by oil assets, it is a good deal offering a discount when purchasing an oil using their tokens. Let see how far Petro will go.

[Tylev]

On my opinion. Venezuela is baiting India. Venezuela wants India to buy it's crypto in full price and sale its oil on 30% discount using cryto.
Still same India never get a discount on oil. but helps to pump the El Petro. It gain for Venezuela loses for India.
https://thecryptograph.net/v1enezuela-offers-india-a-30-oil-discount-if-paid-in-crypto/

It seems to me that such conditions with the purchase of oil for their Petro Crypto currency with a 30% discount are very good for India. This, it seems to me, is absolutely mutually beneficial.

 In general, the case of the Venezuelan Petro is very interesting. In my opinion, now the whole world is watching Venezuela and its crypto currency. Such a serious approach to its centralized crypto currency has not yet been observed. It is interesting to see how future events will develop. If everything goes well with this coin and President Maduro can raise the country's economy, he has every chance to be re-elected for a second term.

[Kulafu]

On my opinion. Venezuela is baiting India. Venezuela wants India to buy it's crypto in full price and sale its oil on 30% discount using cryto.
Still same India never get a discount on oil. but helps to pump the El Petro. It gain for Venezuela loses for India.
https://thecryptograph.net/v1enezuela-offers-india-a-30-oil-discount-if-paid-in-crypto/

It seems to me that such conditions with the purchase of oil for their Petro Crypto currency with a 30% discount are very good for India. This, it seems to me, is absolutely mutually beneficial.

 In general, the case of the Venezuelan Petro is very interesting. In my opinion, now the whole world is watching Venezuela and its crypto currency. Such a serious approach to its centralized crypto currency has not yet been observed. It is interesting to see how future events will develop. If everything goes well with this coin and President Maduro can raise the country's economy, he has every chance to be re-elected for a second term.

Actually India will never get a 30% discount on oil because they will force to buy a a El Petro in full price. This would  be a two birds in one stone for Venezuela. It sold Petro and oil. And it could pump the price of Petro which another gain for Venezuela.   

[Dlugina23]

Ask elon musk , he discount tesla.

[Sevarchik]

I see this news how Venezuella want to scam India with paing El Petro.
I will observe the negotiations

[Jonsnowstark]

If this news is true, then definitely this is a win win. Win for venezuela because they seem to want usability for their petro. The only way for it to pump is to give in exchange a discounted price for oil. For india, to purchase this currency in the exchange of 30% is certainly beneficial in order to save their money from the purchase. If venezuela will offer this to the world, i think the worl will then find the need to buy petro.