Venezuela Releases Android App For Old Bolivar-Petro-Backed Coin Conversion

  • Yuri Molchan
    📰 News

    The new app bears the name “Calculadora Soberana” (Sovereign Calculator) and it helps to exchange the old fiat Bolivar into the new Sovereign Bolivar money


Venezuela Releases Android App For Old Bolivar-Petro-Backed Coin Conversion

The new app bears the name “Calculadora Soberana” (Sovereign Calculator) and it helps to exchange the old fiat Bolivar into the new Sovereign Bolivar, backed by the Petro crypto coin.

The conversion happens at the rate one to 100,000.

Currently, the app has had over 10,000 downloads and is rated 4.7 on Google Play. The number of views barely reaches 200.

Earlier in August, Venezuelan president Nicolas Maduro conducted a devaluation of Bolivar by 95 percent. He also linked the newly-issued Sovereign Bolivar to Petro, the crypto coin, backed with the local oil reserves.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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