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Venezuela's Maduro Wants to Offer Crypto-Based Loans to Agricultural Producers – Bitcoin News


Venezuela s Maduro Wants to Offer Crypto-Based Loans to Agricultural Producers
Nicolas Maduro, president of Venezuela, stated the country could offer cryptocurrency-based loans to the agricultural sector, in addition to the traditional loans in several fiat currencies. He also stated that Venezuela has worked with petro and other cryptocurrencies for three years, pioneering the use of this kind of asset in Latam.
Government Hints at Offering Cryptocurrency Loans in Venezuela
Maduro hinted at the possibility of giving loans in cryptocurrency to the agricultural industry in an announcement made in a cabinet meeting last Thursday. He stated the country would look for new ways to finance domestic agriculture and also stated these loans would feature low interest rates to benefit farmers. Elaborating to his ministers, Maduro noted: ....

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