Venezuela’s Traki Department Store Begins Accepting Petro

Venezuela’s Traki department store started accepting the cryptocurrency Petro and it looks like it’s on its way to become a crypto with real use cases as we can in read in the coming altcoin news today.

The largest department store in Venezuela started the day by putting up posters where they announced the acceptance of Petros as a means of payment. The news outlets confirmed that Traki did not place a banner where it says ‘’Petro Accepted Here’’ in all of his branches but the policy could replicate to most of the other locations in a short time after they will become successful in Caracas. A few hours later, the rumors were confirmed by the National Superintendency of Cryptoassets and the Venezuela’s prime authority with the competence to regulate cryptocurrencies and other assets:

‘’As of July 25, Traki accepts #Petro as a means of payment to purchase the products and items sold in all of its commercial stores.’’

Venezuela’s Traki has been a model for crypto adoption in the country since as of 2018 the corporation began accepting payments with Bitcoin and other altcoins. Traki included the Petro cryptocurrency in the group but the difficulties in converting the tokens to fiat money that led the company to stop such efforts.

If we put Petro aside, it seems like Bitcoin and Dash are the most used coins by customers that pay in Traki. Crypto in general is not very popular among the customer because people do not use them or they don’t know how to. Also, the employees do not have the best training on how to accept these payments:

 ‘’Today I went to Traki in Valencia, and when I said I was going to pay with crypto, the interrogation face of all the staff was a poem. If you are going to accept crypto, which I think is wonderful, please instruct your staff because far from encouraging this means of payment, what you achieve is to frighten away its use. Do not make such announcements if you are not really prepared. Greetings’’

As noted in the latest cryptocurrency news, the petro cryptocurrency has increased its usability even though the authorities have not announced its release to the public but some advances can be seen in terms of usability.