Maduro Will Give Petros to Venezuela's Doctors to Fight the Coronavirus Crisis
Main page News, Venezuela, Coronavirus

Venezuelan president Nicolás Maduro has just announced he has decided to carry out an airdrop of the national crypto in order to support the country's health system.

According to a tweet published yesterday by a government official, Maduro has started a campaign called "Médicos de la Patria" (Doctors of the Homeland) aimed at giving a Petro to every doctor in the country in order to reward them for their contribution in the fight against the COVID-19.

The Petro is the country's national cryptocurrency. Each token is supposedly backed by a barrel of oil. Even though the country's government claims each currency is worth about $60, it is traded for about 20-26 on local exchanges.

The airdrop will reportedly be carried out through the"Sistema Patria" (Patria System), a platform developed by the government to issue bonds and subsidies in the national crypto avoiding the traditional banking system, which is suffering a severe crisis.

If we consider Venezuela's minimum salary is the equivalent of about $3.61 + $2.89 in food stamps, doctors would be receiving the equivalent of several months of work.

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