Venezuelans Selling Petro on LocalBitcoins at Half the Official Price

pubblicato su by Cointele | pubblicato su

Venezuelans are reportedly selling the state-launched Petro cryptocurrency that was airdropped to them recently.

According to a Reddit thread, Venezuelans are turning to LocalBitcoins to sell their airdropped Petro amid disastrous economic conditions.

The Reddit user claims that the government initially allowed the usage of Petro to buy products through a biometric app, but it soon shut it down as people flooded to the few stores that supported it.

Several listings can be found that accept Petro in exchange for Bitcoin or other currencies.

He confirmed that he does buy Petro from Venezuelans in exchange for Bitcoin.

Pinto explained that the price was referenced from a local exchange, Amberescoin, which supported Petro.

It amounted to 0.0036 BTC, or approximately $30 for one Petro.

The sellers are struggling due to the excessive selling pressure from the airdrop.

Pinto is unable to accept Petro, as he cannot complete the full exchange cycle and sell the Petro he received previously.

"Anyone who sells food, rice, flour, sugar etc. and accepts Petros in Maracaibo?".

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