Bank of Venezuela has reportedly added a prototype wallet to customers’ online banking accounts.
Bank of Venezuela hints at crypto wallet
At present, the publication states, the only crypto wallet only caters to Petro, but as the section appears under development, speculation suggests more tokens may follow.
Petro, launched by the Venezuelan government, is notionally pegged to the country’s oil reserves. The subject of criticism from the outset, Petro subsequently faced international sanctions after suspicions arose the government was using it to evade existing restrictions.
Bitcoin trading hits 120 billion bolivars
For the week ending Sept. 7, the most recent period for which data is available, Venezuelans traded over 120 billion VES for Bitcoin.
LocalBitcoins weekly trading volumes for Sovereign Bolivar (VES). Source: Coin Dance
BDV has yet to issue public comments on its plans, Decrypt adds, which would nonetheless make it the first Venezuelan bank to support cryptocurrency officially.