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Venezuela Forcibly Converts Pensions into Petro

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Re: Venezuela Forcibly Converts Pensions into Petro

#3

Post by celticninja »

pjc50 wrote: post #2

Does anyone have a mainstream news link to this? I don't trust coin-related news sites not to be involved in hyping things.

I cant find one, the Fiancial Times have covered Venezuela and petro in the past and they have no mention of it. Looks like BS to me based on one line in what appears to be a financial statement/email.

Re: Venezuela Forcibly Converts Pensions into Petro

#4

Post by holografix »

celticninja wrote: post #3
pjc50 wrote: post #2

Does anyone have a mainstream news link to this? I don't trust coin-related news sites not to be involved in hyping things.

I cant find one, the Fiancial Times have covered Venezuela and petro in the past and they have no mention of it. Looks like BS to me based on one line in what appears to be a financial statement/email.

Can’t find any either. Surprising...

Re: Venezuela Forcibly Converts Pensions into Petro

#6

Post by whymauri »

pjc50 wrote: post #2

Does anyone have a mainstream news link to this? I don't trust coin-related news sites not to be involved in hyping things.

I have Venezuelan news sources [1] - it's not breaking news. I think it was announced a few months ago. A lot of benefits/incentives/government wages have been making this weird transition to a digital wallet of sorts. I have a final exam tomorrow so I cannot translate at the moment.

http://www.el-nacional.com/noticias/economia/maduro-pago-las...

Side note, this is the same newspaper that was trending earlier this week for shutting down.

Official announcement from presidential press office:

https://twitter.com/PresidencialVen/status/10338222224677150...

"Starting now, we will pay pensions through a digital wallet on a monthly basis. This is so senior citizens can rest easy and have more freedom in their spending habits."

Imperfect translation, but functional I hope. I'm not 100% sure if the digital wallet is in Petro, I do think it's through a sort of citizenship card though. I can ask my parents tomorrow morning to clarify. I think the crypto news/media is confounding the gov. digital wallet with the Petro? Things happen so fast nowadays I can barely keep up with the mess.

Re: Venezuela Forcibly Converts Pensions into Petro

#7

Post by gaius »

celticninja wrote: post #3
pjc50 wrote: post #2

Does anyone have a mainstream news link to this? I don't trust coin-related news sites not to be involved in hyping things.

I cant find one, the Fiancial Times have covered Venezuela and petro in the past and they have no mention of it. Looks like BS to me based on one line in what appears to be a financial statement/email.

https://finance.yahoo.com/news/venezuelan-government-forcing...

All stories reference the same Caracas Chronicle blog, it seems

Re: Venezuela Forcibly Converts Pensions into Petro

#9

Post by pjc50 »

whymauri wrote: post #6
pjc50 wrote: post #2

Does anyone have a mainstream news link to this? I don't trust coin-related news sites not to be involved in hyping things.

I have Venezuelan news sources [1] - it's not breaking news. I think it was announced a few months ago. A lot of benefits/incentives/government wages have been making this weird transition to a digital wallet of sorts. I have a final exam tomorrow so I cannot translate at the moment. http://www.el-nacional.com/noticias/economia/maduro-pago-las... Side note, this is the same newspaper that was trending earlier this we…

Reading the comments, it does seem to be through a national ID card of some sort. No mention of cryptography, but a good way to learn new forms of Spanish obscenity: "Nada de carnet de la patria un coño de la madre"!
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