Venezuela’s Sunacrip Launches Oil-Based Gift Card Marketplace And Exchange

Sunacrip, the Venezuelan cryptocurrency watchdog, has announced a series of improvements to its Petroapp wallet, allowing Venezuelans to use petro (PTR) for new functions. The app now has a built-in cryptocurrency exchange that allows users to exchange petros for other currencies, and a series of gift cards and payment options to increase adoption.

Petro Relaunch aims to offer more use cases

Sunacrip, the cryptocurrency regulatory institution in Venezuela, has announced a series of changes to its Petro wallet application (PTR) called Petroapp, which aim to improve the user-friendliness of cryptocurrency. Joselit Ramirez, head of Sunacrip, explained these changes and listed the new social media functions.

Ramirez declared:

After realizing the market recovery and balancing PTR conversion rates, we have updated the PetroApp where you have new services that enhance the usability of our sovereign crypto asset.

Ramirez pointed out that the redesign of Petroapp will allow users to pay for their phone plans with all national carriers. In addition, the three main cable operators in the country will be available in the application to accept payments in petros.

Gift cards, exchanges and payments

The new update also aims to make it easier to purchase petros directly from the app, with the ability to use national fiat currency to acquire these crypto-assets. At the same time, these assets can be used within the app to be exchanged for other supported cryptocurrencies including bitcoin, litecoin, and dash, with the option to withdraw them from the platform as well. .

Ramirez explained that Petroapp also includes a payment gateway, allowing users to create payment invoices within the app. The head of Sunacrip said that this turns “every mobile device into a point of sale and the PTR into a means of payment”, something that the Venezuelan government has been calling for since the launch of the cryptocurrency.

The launch of a gift card market, the last feature announced, seems to go in this direction. The market, Ramirez said, will include the ability to buy gift cards to pay for services like Netflix, which is hugely popular in the country, or make payments on platforms like Apple Store and Amazon.

What do you think of the new features announced for petro and its Petroapp wallet? Tell us in the comments section below.'

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game, entering the cryptosphere when the price surge happened in December 2017. Having a background in computer engineering, living in Venezuela and impacted by the cryptocurrency boom at social, it offers a different point of view. on the success of crypto and how it helps the unbanked and underserved.

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