Petro is a cryptocurrency backed by diverse national Venezuelan assets. Petro is the first cryptocurrency ever backed by a State, by diverse national Venezuelan assets. And it is issued by the Venezuelan State for the development of an independent, transparent and open digital economy available for the direct participation of citizens.
The Petro is an instrument to consolidate Venezuela’s economic stability and financial independence, coupled with an ambitious and global vision for the creation of a freer, more balanced and fairer international inancial system.
The State of Venezuela will promote and encourage the use of the Petro, to make it a fundamental investment option, savings mechanism and means of exchange with State services, industry, commerce, trading, common people and the whole world.