Venezuela Petro Payment Platform Biopago Has Been Down for More than Two Months, Still Not Sure When it Will Come Back Online

Abstract : Venezuela Petro payment system Biopago, is still offline for more than two month. Based on the latest amendment, Biopago's maintenance period has been extended "indefinitely", and other key infrastructures also been extended, including smartphone-based PetroApp, a government-launched payment and wallet solution.

ChainDD
ChainDD

Mar 08

According to Cryptonews, Venezuela Petro payment system Biopago, is still offline for more than two month. Based on the latest amendment, Biopago's maintenance period has been extended "indefinitely", and other key infrastructures also been extended, including smartphone-based PetroApp, a government-launched payment and wallet solution.

The media outlet says that “more than two months after its maintenance period began,” there is still no word from the government about when these services will come back online – despite the fact that scores of citizens have been left with petro handouts they apparently cannot spend. According to Promar TV, the country’s President Nicolás Maduro has given further details about the country’s forthcoming crypto-casino. Media outlet Criptonoticias reports that the only cryptocurrency likely to be accepted in the casino is the state-issued, oil-backed Petro token

Previously, the Venezuelan central bank has stopped selling Petro through Biopago indefinitely. The central bank said that more than 7,000 stores across the country are using Biopago equipment to process Petro transaction, but some of the unnamed users said they did not receive payments from transactions. Now, the central bank has confirmed that it will provide compensation to all Biopago stores which used Petro payments.

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