In Venezuela, opened a 7-star hotel, accepting only El Petro

[Chaki]

A good way to advertise the country's token!! This is also a good way for some ICO project to consider with to have a contract with business establishments wherein they can use their token aside from hold and sell methods, they can use it to book rooms...

[kangkilokang]

A hotel with seven stars? 
I traveled the world a lot, but I have never seen a hotel of this level. Who in Venezuela will stay there? I think that the month spent at this hotel will cost like buying a house.
President Maduro is certainly a "good man", maybe he is trying to somehow revive the country's economy and overcome the collapse of inflation. But the hotel is 7-star. Oh my God. Maybe it's rumors, as many wrote in this post.

it's just a sweetener promotion for their economic escalation, I'm reluctant to visit there because venezuela is going through a crisis leading to anarchist demos, but their decision to create petro is true because it can affect the investment climate beyond fiat. I am sure they will rise from adversity.

[zinson01]

This is maybe a publicity stunt. As petro is not a popular one this measure is taken to make it popular. Though I would suggest bitcoin in petro's place but still a crypto in being accepted and that is a good news indeed.

[BeeKeeoEr]

I wonder what it all looks like...I am such a laptop to the Reception of the hotel come up and say Hello to me Suite for a week purse number your dictate. ha ha

[rickadone]

Obviously a way for the country to be pushing its digital currency for usage. Firstly, we should consider that anyone who is going to be making use of this hotel would be elites from the country itself and from other countries since it is not going to be a small price to pay for it. However, it is a good thing that the government is really trying to push the currency and who really knows, it may be a step forward for Venezuela as a whole. I guess time will tell.

[Aroma92]

Does anyone know how deep El Petro penetrated the country's economy? It seems to me that I should start not with an expensive hotel, but with something more accessible to the public. For example, use crypt for payment of utilities or the Internet)))

[Eddyc]

An interesting news to be discussed and independent of the currency "El Petro" is that really the government of Venezuela will allow the crypto dominate your country? A question to think about, however this hotel is adept at new technologies and payment systems, is soon following the future that will be of digital coins. Perhaps we can also consider this news as a first-rate marketing to show that digital coins are already in the reality of South America.

[greenvally]

In Venezuela a seven star hotel accepting El Petro but the thing is bitcoin should be accepted but there is no facilities yes everything has some limitation so el petro has this facilities but if we see about bitcoin its using in a vast area also we can do trading all over the world also restriction free trading . We can do whatever we want from currency.

[Papilio]

Sale of its own Venezuelan crypto currency, called El Petro. The cost of one unit of a crypto currency will equal the cost of a barrel of Venezuelan oil - about $ 60 at the present time.
El Petro can be used to pay for goods or services, pay taxes, fees and duties on the territory of the country.

[apelopus]

Seven stars hotel sounds funny, but anyway what a pathetic attempt to boost usability for el pettro

[Febo]

The first and one of the biggest problem is that it's in Venezuela - a country that is struggling to even exist right now thanks to its corrupted government that has just made all the problems possible...

Any government is corrupt. Just sopem more then others. For socialist model of governance it is known that are more corrupt. But of course socialist governance brings profits to other aspects of society.   So blaming corruption in government for Venezuelan "struggling to even exist"  is a bit sill. If anyone is guilty that Venezuela is "struggling to even exist" are those that dont allow them to trade in global market and are puting embargos on Venezuela.  Without that pressure would be way easier.

[sylance]

There is just so much wrong with this story.  On the human side, the country is investing in a 7-star hotel while its citizens are eating dogs and rats to stay alive.  Considering only around 150 7-star hotels exist world-wide, the investment must have been huge.  I suspect this project was funded more for personal payoff than for the economic return.  Sickening.

On the crypto side, El Petro goes against EVERYTHING we as a crypto community stands for.  I'd like to ask someone who supports it one question... what separates El Petro from any other fiat currency?  Before you answer, consider there are roughly seven digital dollars for every printed dollar. 

[tresbien21]

Wow, this news looks really good. This will encourage both local people and tourist to exchange their money into crypto, and this is a step forward for the crypto market.

[snguyenthu196]

that is very welcoming that Venezuela is supporting cryptocurrency. but my question is why only El Petro. i believe they are in the right path but they have to be more open minded so that all the curenncy get promoted may be they are tring to make El Petro more popular there than other cryptocurenncy.

[eternalgloom]

Literally makes zero sense to only accept crypto.

It makes even less sense to only accept this piece of dictatorship issued shit coin. As if any of the Venezuelan people could afford to stay in that hotel.
Most of those Petro coins were bought by russian investors btw, no-one is going to spend them for taking a trip to Venezuela.

The country is in total shambles and Petro isn't going to make any of it better.

[Balab01]

my country also has a crypto currency, but I have not heard of such projects in my street. I think that's a good idea.

[CopMom]

Can anyone let me know what is El Petro? I don't even know about it. Beside I think it's a good way to promote for a new cryptocurrency ). A lot of people will interested in cryptocurrency and start exploring about it then Venezuela will become the next country legalize cryptocurrency as a local currency

[kruzer200]

I think that similar projects should be developed in other countries. I think that most countries have own cryptocurrencies.

[pnqwiuha]

I don't think Petro will succeed. This is not a centralization block chain project. It's just another way of Fiat. This country should try to help people solve the food problem, rather than open up some luxurious facilities.

[dress]

I think that such national crypto currencies can help raise the economy to poor countries. I think that this will attract foreign investment.