<p>The Venezuelan government now has a fully operational, state-run crypto platform, according to a <a href="http://www.vicepresidencia.gob.ve/plataforma-patria-remesa-en-criptoactivos-esta-en-pleno-funcionamiento/">statement</a> from the government Monday. The Patria Remesa system can be used to transfer money using the government's oil-backed crypto, the Petro or Petromoneda.</p> <p>The country launched the Petro last year. Now, it's coupling that with a state-run crypto platform. It allows citizens abroad to transfer funds to those in Venezuela, as reported by <a href="https://futurism.com/the-byte/venezuela-state-cryptocurrency">Futurism</a>.</p> <p>The National Superintendent of Cryptoactives, Joselit Ramírez, said in a statement that the platform is the safest way to send money, calling it a secure tool for transferring assets as remittances from other countries to Venezuela. Ramírez said this is a way to avoid the depreciation of income. </p> <p>According to Ramírez, the Petro plan was designed by embattled Venezuelan President Nicolás Maduro, whose grip on power in the nation following his controversial re-election in 2018 is seen as illegitimate by many, <a href="https://www.reuters.com/article/us-venezuela-politics-usa-maduro/trump-administration-targets-maduros-son-nicolasito-with-sanctions-idUSKCN1TT2DS">including the U.S.</a></p> <p>Ramírez also referred to the traditional financial system as lacking and pointed to crypto as the coming economic revolution, saying a pivot towards crypto would advance both the Venezuelan and global economies.</p>