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Venezuelan president gives Petros to doctors fighting coronavirus

Venezuelan president gives Petros to doctors fighting coronavirus
  • Nicolas Maduro has just recently announced a campaign to help support the nation's medical staff during the coronavirus pandemic. 
  • By doing this, they will be airdropping one petro to each doctor.

The sitting president for Venezuela, Nicolas Maduro has just recently announced a campaign to help support the nation's medical staff during the coronavirus pandemic. By doing this, they will be airdropping one petro to each doctor. 

This new initiative, called the doctors of the homeland, we’ll see each doctor in Venezuela airdropped one of the administration's oil-backed cryptocurrency. In a tweet published earlier this week on the 2nd of April by a government official it says the following:

The tokens in question will be distributed using Venezuela’s Patria System. For those that don’t know, this is a platform launched by the government in order to bypass the country's failing banking system and issue bonuses by utilising the power of the crypto token.

Petro tokens are tied to the price of one barrel of Venezuelan oil. Following its crash in March though, the price of the oil has been quite volatile and is currently trading at less than $30 per barrel.

With the coronavirus pandemic in full force, there are many reports of hospitals in Venezuela being ill-equipped to deal with all the cases. However, this is a story all too common all across the world. In the United Kingdom, the NHS is struggling to deal with the number of rising cases for coronavirus.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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