Maduro is aggressive aboutimproving the ecosystem for Petro. Merchants and retail stores across thecountry are now adopting the Petro.

The number of petro-friendly retail stores in the country has increased.  The Petro seems to be the technological saviour for the economy of the country.

There is a political stand-offfor the Petro, but despite this, Venezuelans are beginning to trade the Petros. Informal transactions are happening amongpeople, and some of them are transacting through state-approved exchanges.

Petros (PTR) can be now bebrought through authorized exchanges by using the BTC or the LTC. The trading volume for the Petros is on therise.

Crypto trading has beenincreasing every year. This has ledVenezuelans to seek new alternatives when it comes to generating income. Trading is one of the new options used togenerate revenue.

Traders get an opening to be ableto invest in the petro just like they would in any other kind of Altcoins.Investors get to buy the Petro for meager costs, and when its value increases,they can make profits from it.

Some are buying Petro for merenovelty. The US government sanctionstrading Petros. And several traders are not willing to share their opinions dueto political repercussions.

The Petro now comfortably workslike a bank to a bank transfer, and it is gaining traction among the citizens.

All the buyers of the Petros aretakers. Any sale is immediately happening,but the transaction history is not traceable. Investors are trading petro viaover the counter trading groups on the telegram. Informal commerce is a verycommon happening among Venezuelans. Theyuse it to buy food, medicine, and other basic needs.

The start of the petro was notexciting. It was put to questioning fromDay #1, and there was a lot of damage done to its credibility due to changes inits white paper, unfulfilled promises on primary listings, unexplainedshutdowns, and more.

The buying and selling of Petrowill forever be politicized due to the original goal of Maduro to bypass thesanctions using the Petro.

In some countries, thecryptocurrency ecosystem does not seem to gain any traction orrecognition. It continues to be in thegray area. Slowly, several nations aretrying to give a softer approach to the use of cryptocurrencies. Regardless of its volatility and situationsof sanctions, Zimbabwe, Argentina, and Venezuela have adopted to crypto. The slimline between technology and money andtechnology becoming money exists, though.