rtmark
LearnBonds.com

Venezuelan President Approves Cryptocurrency-Powered Casino With State-Backed Petro

Venezuela Petro

The President of Venezuela plans to put out a cryptocurrency-powered casino that will work with the state-issued cryptocurrency, the Petro (PTR). The President, Nicolas Maduro, will be placing the casino at a hotel in Caracas, according to Bitcoin.com.

At the casino, citizens will have to bet via Petro, though they can exchange a variety of different fiat currencies and cryptocurrencies into the Petro. According to the publication, any proceeds from this casino will be pushed into the healthcare and education industries.

Interestingly, this news comes after the previous President, Hugo Chavez, banned all places of betting due to them promoting illicit activities such as prostitution, reports CoinTelegraph.

There isn’t much more revealed on the matter, though we do know that cryptocurrencies and blockchain technology are used for a variety of things – especially gambling and gaming. In fact, most of the decentralized, blockchain-based applications out there are simple gambling and gaming ones that allow participants to earn more based on their involvement.

Here is the list of best bitcoin wallets  accepted by casinos and that can be used to withdraw money from top cryptocurrency exchanges.

Of course, these are more mundane uses of the technology. For example, in Uzbekistan, the Cardano cryptocurrency project is working with a governmental arm there to ensure that blockchain technology is used to improve education, healthcare, and so much more. We’ll have to see how both of these projects turn out in the new year.

Explore Our Investment & Finance Resources A-Z
ABCDEFGHIJKLMNOPQRSTUVWXYZ#

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/