Venezuelan President Maduro is keeping no stone unturned to make Petro Cryptocurrency a hit. By extending his services abroad to countries like India, while launching a Youth Bank funded by Petro Cryptocurrency in his own country.
Maduro’s Petro Cryptocurrency is doing the rounds again now as a luxury seven-star hotel in Venezuela, Humboldt hotel which offers its guests a breathtaking view of the Caribbean cast and the Caracas, is currently accepting payments in the form of Petro.
According to President Nicolas Maduro, a renovated Humboldt hotel will become the first ever seven-star property among its kind to accept crypto payment in the country’s crisis-stricken republic.
The hotel, which was built in 1956 on the initiative of the Venezuelan dictator Marcos Jiménez, was meant to be a part of the tourist and recreational complex connecting Caracas with its coastal area. At the time, Humboldt met the highest world standards in the hospitality industry. It had several first class restaurants, a disco with rotating dance floor, and even an ice rink.
(Above: An Aerial Shot of the Humboldt Hotel)
But the hotel was closed after Jiménez’s resignation in 1958 as a “symbol of the dictatorship”. In 1991 it opened doors thanks to an Italian investor, but in 2007 Hugo Chávez’s government nationalized it and closed it again.
The services and other extras at the Humboldt will effectively be rated Petro Cryptocurrency. Universal, the local newspaper mentioned that the visitors of the hotel would be buying Petro cryptocurrency from the exchange bureau in Humboldt. The exchange bureau is renovated and is operated by Marriott.
During a tour of the hotel facilities, President Maduro said,
“All hotels in the country are authorized to charge in convertible currencies. But this hotel, Humboldt, is going to be a model, a pilot, with all services charged in Petros, so that it produces convertible wealth for our country,”
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