through a national channel announce Venezuelan President Nicolas Maduro said yesterday that his government is ready to distribute a one-time 0.5 petro, equivalent to about 30 US dollars, or five times the Venezuelan minimum monthly wage.

The distribution will be for all retirees, public sector workers, military personnel, and other eligible citizens of the country.

As for the qualification conditions for obtaining some of the distributed petro, the person wishing to receive it must download and register an account in the “App”Petro app” which was newly issued in the country, before they can receive petros next week.

The Petro app is the country’s official petro wallet that allows Venezuelans to buy and exchange petro currencies for Bitcoin, Ethereum and Litecoin.

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It is also the only wallet currently available that supports petro currency, so every transaction or use of digital currency must be made through this wallet.

Another step for the adoption of the petro currency:

President Maduro tried to make similar announcements to adopt the petro currency last year.

At the time, the government awarded the tokens through a platform designed to manage social benefits for Venezuelans, dubbed the Patria system.

Through the “patria” system, Venezuelans can record relevant social and economic information so that the country can manage its public policies.

In return, the state deposits a series of “bonuses” that are randomly announced in a virtual wallet that can be managed through the “Patria” system portal.

Venezuelans can exchange these balances against the balance in a bank account linked to their Patria account.

The “reward” in the Petro followed the same logic as the individual receives the petro for free and then exchanges them for its equivalent in the Bolivar currency and deposited directly into a bank account.

However, the process was widely criticized for its complexity, especially by the country’s seniors who expected their benefits in traditional money.

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Maduro’s political opposition also attacked the move, questioning the legality of issuing state benefits via cryptocurrencies.

This new system, which includes the “Petro” app, aims to simplify the process by eliminating bank intermediation.

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If successful, the system could represent an important step in adapting the Venezuelan public to use a crypto wallet that allows the free exchange of tokens.

But this measure elicited mixed reactions, ranging from optimism to intense criticism, from the people it aims to help, given the people’s technical knowledge differences and the response to Petro’s application so far.

So the Maduro government has a tough road ahead before it can expect to create a country where millions deal in a national cryptocurrency.

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