Venezuela to Fund Housing for Homeless With National Cryptocurrency Petro

  • The Venezuelan Minister of Habitat and Housing Ildemaro Villarroel has announced that the country’s government is planning to fund the construction of houses for the homeless with the national cryptocurrency Petro, Criptotendencia reports Thursday, June 5.

    The government will fund a project called the “Great Mission for Venezuela Housing (GMVV),” which aims to make quality housing more accessible to the homeless. According to the GMVV website, the government has finished more than 2 million houses to date.

    Villaroel said that 33 companies so far have started technical, financial, and logistics tests to start the construction process, adding:

    "Together with the governors, we are reviewing the plans that we will begin in the second quarter, in this second quarter GMVV will have an injection of financial resources, which this year will be protected and established with [the] Petro."

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