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Topic: In Venezuela, opened a 7-star hotel, accepting only El Petro - page 2. (Read 483 times)

member
Activity: 336
Merit: 10
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)))
legendary
Activity: 1176
Merit: 1024
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.
newbie
Activity: 67
Merit: 0
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
newbie
Activity: 266
Merit: 0
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.
member
Activity: 530
Merit: 10
Revolutionizing Crypto Payment Solutions
A hotel with seven stars?  Shocked Shocked Shocked
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.
jr. member
Activity: 196
Merit: 1
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...
full member
Activity: 225
Merit: 103
A hotel with seven stars?  Shocked Shocked Shocked
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.
jr. member
Activity: 112
Merit: 1
Literally makes zero sense to only accept crypto.
full member
Activity: 602
Merit: 106
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...
member
Activity: 448
Merit: 10
Venezuela is a specific country with big economic problems and poor violence. I think that such an idea is called at least somehow to attract money
full member
Activity: 363
Merit: 100
SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN
I wonder what status this hotel has. I would not be surprised if it belongs to President Maduro himself, or to those close to him. But the experiment with their Petro is very interesting. Will this Petro be able to raise the country's economy or at least bypass international sanctions.

Where is this hotel? Because I cannot find any seven star hotel in Venezuela. I am afraid that this is not so real news or at least it is blown a lot.
I see no reason why hotel would not use crypto especially when the inflation is rising.
newbie
Activity: 294
Merit: 0
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.
full member
Activity: 2142
Merit: 183
I wonder what status this hotel has. I would not be surprised if it belongs to President Maduro himself, or to those close to him. But the experiment with their Petro is very interesting. Will this Petro be able to raise the country's economy or at least bypass international sanctions.
newbie
Activity: 350
Merit: 0
Venezuela wants to connect their people with their digital currency. That's why they connect with petro. But from my perspective i think there are many people’s who don’t like petro coin. Now see what happen next.
newbie
Activity: 252
Merit: 0
Pretro coin is not that much popular among people. Besides, the growth of petro is not that good. I don't know why did the government choose petro to deal with. But, in one sense it is good that the crypto currency is flourishing throughout the world.
newbie
Activity: 238
Merit: 0
Another big step of Venezuela towards cryptocurrency. Though I doubt if it's ever going to be successful or not.  Let's see what happens.  Smiley Smiley
legendary
Activity: 3108
Merit: 1029
In Venezuela, opened a 7-star hotel, the rooms offer a magnificent view of Caracas (the capital of the country) and the coast of the Caribbean Sea. The price level of the new landmark is not advertised, but, based on the "star" status, we can assume that it will be very, very immodest.

However, Humboldt is interesting not only for exclusive and non-standard architectural solutions (a 19-storey tower at an altitude of 2140 meters above sea level), but also a form of payment. The hotel accepts exclusively ... El Petro - the national currency of Venezuela. In this coin, Nicholas Maduro sees salvation for the country's deep-rooted economy.

Source: https://news.bitcoin.com/sole-seven-star-hotel-in-venezuela-to-accept-only-petro/
That kinds will be only implemented in the venezuela as its own crypto. Remember maduro has a lot of control over the country. He can create anything to make his petro will be adopted by a lot of people in the country. I just believe another place or majority of service and store in the venezuela will be adopting petro as a new form of payment soon.
newbie
Activity: 294
Merit: 0
I think the Govt. of Venezuela is accepting cryptocurrency concept in his country. No matter what is that currency BTC. I hope they will set some rules and regulations and will legalize crypto in their country widely. And we will see the development of them in this sector soon.
R9s
member
Activity: 406
Merit: 10
Fast, Smart, Trustworthy
What kind of altcoins is El Petro? Forgive my ignorance. I have not heard of this coin. It seems that it seems to be issued by Venezuela in the name of the country.
legendary
Activity: 3122
Merit: 1140
Kind of seems like a get-rich-quick scheme, or maybe the government just wants their share of the crypto profit. Interesting to see what will come out of it.
Looking past at the history of governance in Venezuela, I really do not think the government is really bound to use that petro to help the economy but simply to enrich themselves lol. I am saying this because in the past, many coins had done that exactly.

It is becoming obvious that this is not going to really make much waves and it apparently does not solve any problem since it is controlled anyway and would definitely still not stop some level of corruption that has dug in so deep. Not like that was the plan though except I feel some are just bound to get themselves richer from it.
No doubt. I dont even see the possibility that this would help out the economy but would rather they would only benefit theirselves and also this isnt a crypto after all which it is just simply a token which is centralized and being created for the sake of their own aim or goal.Good idea but doesnt really implement the true essence.This is just turns out to be a typical fiat money.
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