Post
Topic
Board Altcoin Discussion
Re: Venezuela offer India 30% discount in oil price if it paid on paid on El Petro.
by
manish9841
on 06/05/2018, 10:16:26 UTC
On my opinion. Venezuela is baiting India. Venezuela wants India to buy it's crypto in full price and sale its oil on 30% discount using cryto.
Still same India never get a discount on oil. but helps to pump the El Petro. It gain for Venezuela loses for India.
https://thecryptograph.net/v1enezuela-offers-india-a-30-oil-discount-if-paid-in-crypto/

This is the point where India can effectively leverage. Trust me, the western countries feel that they are dominant but since the developing economies are doing very good, India has a point to leverage. Interesting to see if India accepts Venezuela offer.