In Venezuela they approve the PETRO cryptocurrency to finance housing construction

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    The Executive Vice President, Delcy Rodríguez, and the Vice President of the Economic Area, Tareck EL Aissami, received on Wednesday the task of creating a financing system in the construction of housing, through Petro and being able to reach the goal of building 5 million homes with the Great Housing Mission How Venezuela (Gmvv), instructed the President of the Republic, Nicolás Maduro.

  "The Petro must become the great currency of circulation and investment in the entire Venezuelan real estate sector," he said in a joint radio and television broadcast.

  The instruction was given during the delivery of the house 2 million 800 thousand of the Gmvv in the Portuguese state.

  The President stressed that the intention is to accelerate the use of Petro in the real estate market and allow the population to use this cryptocurrency in the purchase and construction of homes.

  A total of 43,958 PETROS were approved by the National Executive for the construction of 8,342 homes, through the "Petro Incentivo al Constructor" program, financing mechanism of the Great Housing Mission Venezuela.

  "They make me the proposal to approve 43 thousand 958 petros to build 8 thousand 342 homes through the special Petro Incentive program, which serves for expansion ... in investment," announced the National President.

  The head of state asked the national authorities to devise a system for the construction of houses with Petro, in addition to allowing the population to use this cryptocurrency in the purchase and construction of houses.

  "We must modify all the housing laws that have to be modified so that the people have access to Petro, to the financing to build or buy," he added and informed that soon measures will be taken to facilitate the use of the first national cryptocurrency to Venezuelans