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Bitcoinist
2018-08-28 10:00:06

Venezuela’s Central Bank Unveils App to Convert New Crypto-Pegged ‘Sovereign Bolivar’

Hyperinflation in Venezuela is so bad, the nation’s Central Bank has released an Android app to help citizens calculate how many new sovereign bolivar units they possess. The release arrives after the national government re-denominated the old currency last week.  As hyperinflation mounts in Venezuela, the national government seems to be staking nearly all it has on the ‘Petro’ virtual currency. Earlier in August, President Nicholas Maduro announced a new exchange rate for the country’s bolivar,Read MoreThe post Venezuela’s Central Bank Unveils App to Convert New Crypto-Pegged ‘Sovereign Bolivar’ appeared first on Bitcoinist.com.


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