Venezuela’s Central Bank Releases Android App For Its New Crypto-Backed Bolivar

News | August 27, 2018 By:

Venezuela’s central bank has released an Android app to help residents convert the country’s old fiat currency Bolivar to the Bolivar Soberano, the country’s new Petro-pegged currency.

Called, “Calculadora Soberana,” the Android app was developed by Comunicacion Digital VE. It converts Bolivar to Bolivar Soberano by taking five zeroes away from the amount being converted.


Venezuela’s Petro Cryptocurrency To Be Used As Unit Of Account For Salaries, Goods And Services

Announcements, News | August 15, 2018 By:

Venezuela’s President Nicolas Maduro has announced that the country’s oil-backed cryptocurrency, the Petro, will be used as an official unit of account.

In a televised announcement, Maduro said that oil and gas company Petróleos de Venezuela (PDVSA) will begin using the oil-backed cryptocurrency as a mandatory unit of account.