Buy petro cryptocurrency in india

India is the world’s largest remittance market, according to the World Bank. The rapid appreciation of the prices of digital currency has sparked national interest and the craze for cryptocurrencies has grown extensively in India. Following the soaring bitcoin in 2017, cryptocurrencies are attracting increasing interest in India.

The Indian trading platform Bitbns is recently evolving since its inception. Seeing the craze and popularity of cryptocurrency in India and not having the best option for Indian users to buy, sell and trade cryptocurrency, we started Bitbns to provide a smooth, more comfortable and faster way to buy, sell and trade digital currency for Indian users. We are the only exchange in India which allows a user to trade multiple cryptocurrencies on the go.

Cryptocurrency is nothing but a form of digital currency, which is designed to be anonymous and secure. It is associated with the internet, which uses cryptography — the process in which one converts data into an undecipherable code.

It’s mainly used to track transfers and purchases.

The first cryptocurrency ever created was Bitcoin (2009).

You should invest in cryptocurrencies for a number of reasons. Some of the major ones are as follows.

Cryptocurrencies are not controlled by a single central authority. Machines that mine Bitcoin and undertake transactions make up a major part of the network and all machines work together. Meaning, a single authority can’t meddle in the monetary policy or make their rules for people.

You can hold multiple cryptocurrency addresses and they are not linked to names, addresses, or other information that can identify you personally.

Our founding members are young and enthusiastic adopters of crypto currencies, all of whom graduated from IIT. Before we started Bitbns, we have created multiple products that have helped consumers in commerce decision making.

In late 2017, we decided to start a crypto-currency exchange. To give people a smooth entry into the world of crypto, we gave importance to ease of use, security, and customer support right from the beginning. Bitbns went live on December 14, 2017.

Cryptocurrencies and the underlying blockchain technology are the future of money.

Crypto-currencies must be accessible to everyone.

Bitbns features a referral program that provides an equal opportunity for anyone who helps spread the word about Bitbns. Referral rewards are credited either in terms of INR or USDT, which go straight to your Bitbns referral wallet. The trading fee incurred on all your trade activities on Bitbns is deducted from your referral wallet.

Below, we have explained different referral cases and how much both parties earn per invite.

Bitbns is young, but carries a colossal vision of creating the best digital assets exchange. We made our first appearance as a digital assets trading platform with Bitcoin flash sale on 19th December, 2017. Since then, we have launched more than 70 digital assets.

Chat with us on WhatsApp आप व्हाट्सएप्प पर भी हमसे संपर्क कर सकते हैं.

Create a digital wallet where you can securely store digital

Connect your bank account so that you can exchange digital

Buy-Sell-shop on our platform , using the future of money.

Chat with us on WhatsApp आप व्हाट्सएप्प पर भी हमसे संपर्क कर सकते हैं.

Create a digital wallet where you can securely store digital

Connect your bank account so that you can exchange digital

Buy-Sell-shop on our platform , using the future of money.

Chat with us on WhatsApp आप व्हाट्सएप्प पर भी हमसे संपर्क कर सकते हैं.

The important stories of innovation across the continent’s wide-ranging economies

Venezuela, the world’s second-largest crude oil producer, is learnt to have offered a 30% discount on India’s petroleum imports from there—but only if payments are made using the cryptocurrency backed by that country’s government.

Officials of the Venezuelan government’s energy and blockchain departments presented this option before India during their visit to the country in March-April, said an official from the Venezuelan embassy in India, requesting anonymity. However, no official proposal was made in this regard.

“We have been travelling and have been informing countries about our offer.

C. Edward Kelso

The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount. Dependent on the Latin American country’s oil, a steady, uninterrupted supply is key to growing one of the world’s most populous nations. Venezuela is in the midst of dramatically bad economic fortune compounded by US sanctions, forcing its government to devise ever-more creative ways to stay afloat.

Also read: Philippines’ Crypto Wallet Reaches 5 Million Users, Adds More Coins

Indian foreign minister Sushma Swaraj explained, “We cannot have any trade in cryptocurrency as it is banned by the Reserve Bank of India.

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Shine Jacob & Dilasha Seth  | 
New Delhi 

Last Updated at April 29, 2018 00:46 IST

Venezuela has offered India a 30 per cent discount on crude oil purchases. The discount, however, will be applicable only if India uses the country’s new blockchain technology-based currency Petro.

Venezuela, a South American country with the largest oil reserves in the world, has offered India a deal — 30 per cent discount on crude oil only if India decides to buy it through digital currency. The 30 per cent discount on crude oil, which recently touched a whole new high of $75 a barrel, seems attractive, but India’s disinterest in promoting as well as trading in cryptocurrency could pose a hurdle.

According to reports, Venezuela’s blockchain-based digital Petro is the world’s first state-backed virtual currency that recently tied up with a Delhi-based digital currency exchange Coinsecure. The bitcoin trading company will now sell oil-backed cryptocurrency Petro in India. Launched last year by the Venezuelan government, Petro is set to be formally recognised after the presidential elections in the country on May 20.

Tsvetana is a writer for with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.

Venezuela has offered India a 30-percent discount on crude oil purchases, but only if India agrees to pay in El Petro, the cryptocurrency that Venezuela is touting as the first national digital currency backed by crude oil reserves, the Indian outlet Business Standard reports.

Venezuelan blockchain department experts visited India in March and struck an agreement with Delhi-based Bitcoin trading firm Coinsecure to sell the Venezuelan cryptocurrency Petro in India, Business Standard reported, quoting multiple sources.

Maduro’s propaganda machine is touting the digital coin as a ‘ground-breaking’ first-ever national crypto currency, El Petro—backed by 5 billion barrels of oil reserves in Venezuela’s Orinoco Belt.

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