Venezuela's opposition leadership has recently put forward a proposal to accept oil payments in Bitcoin and allocate a portion to national reserves. This move would mark a significant step toward mainstream cryptocurrency adoption by a major oil-producing nation. The initiative reflects growing interest among political leaders in diversifying reserve assets and embracing digital currencies as part of their economic strategy. Such developments underscore the expanding role of Bitcoin in international commerce and governmental financial planning.
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New_Ser_Ngmi
· 01-09 12:04
Venezuela trading oil for Bitcoin? This is really breaking the game, feels like a big move in the next step.
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GasFeeTears
· 01-08 08:44
ngl, this game is quite intense. Venezuela wants to trade oil for Bitcoin...
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SatoshiHeir
· 01-08 03:09
Venezuela's move, to put it simply, was driven by being squeezed to the limit by the US dollar. It should be pointed out that the underlying logic was already foreshadowed in Satoshi Nakamoto's white paper—the inevitable decline of the national currency system.
However, I have to pour cold water on this; the combination of the Petro + Bitcoin has three fatal issues that are waiting to be exposed in practical implementation...
Speaking of which, when countries start rushing to get on board, our group of believers' story will finally be written into history. It's a bit poetic, isn't it?
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CrashHotline
· 01-07 12:35
Venezuela is now using Bitcoin to settle oil payments, this is really happening now.
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MetaMaskVictim
· 01-06 12:59
Haha, Venezuela has started playing with Bitcoin? It seems the era of petrodollars is really coming to an end.
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RetiredMiner
· 01-06 12:55
The Bolivar is almost worthless paper. Pay with Bitcoin? I see this as being forced into a corner.
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ser_we_are_ngmi
· 01-06 12:50
NGL, this move is a bit crazy... Is Venezuela really going to start using Bitcoin reserves?
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PhantomHunter
· 01-06 12:48
Speaking of which, Venezuela's recent move is really bold... settling oil transactions with Bitcoin? Sounds unbelievable.
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LayerZeroHero
· 01-06 12:29
Wait, Venezuela is exchanging oil for Bitcoin? How should this protocol be designed, and who will address the security risks of cross-chain bridging?
Venezuela's opposition leadership has recently put forward a proposal to accept oil payments in Bitcoin and allocate a portion to national reserves. This move would mark a significant step toward mainstream cryptocurrency adoption by a major oil-producing nation. The initiative reflects growing interest among political leaders in diversifying reserve assets and embracing digital currencies as part of their economic strategy. Such developments underscore the expanding role of Bitcoin in international commerce and governmental financial planning.