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Bolivian Boliviano History

The boliviano is Bolivia’s official currency. It’s subdivided into 100 cents. There have been two instances of this currency in the country’s history. The first iteration circulated from 1864 to 1963. The modern version of the boliviano debuted in 1987, following the discontinuation of the Bolivian peso. Back then, the currency was worth about ½ of the US dollar. A recent development brought the boliviano some positive attention, and that's the release of a new family of banknotes!

The new lineup of banknotes has been praised for both security and aesthetics, earning awards like “the best banknotes in Latin America”! They feature prominent figures from Bolivian history, a detail people can’t seem to get enough of! At the moment, you can find eleven denominations of the boliviano. Five of them are the 10, 20, 50, 100, and 200 boliviano banknotes. The rest are coins. These consist of the 10, 20, and 50 centavos and 1, 2, and 5 bolivianos coins.


Which Banking Methods Support Bolivian Boliviano?

The online gambling regulations in Bolivia are like the Wild West. Since there seems to be no interest in regulating the space, citizens can visit foreign online casinos that allow them access! The good news is, there are plenty of these to go around. Of course, things aren’t that simple. If players want to deposit at online casinos in their native currencies, they’re limited to a few options. Luckily, many of these options are top-tier, offering excellent benefits. Here are some of the best you can try:

Astropay Card: Astropay Card is a popular payment option in the online casino space and the gaming scene in general. The main reason for this is the nature of the service itself! Since Astropay is a prepaid card, users are granted complete anonymity, on top of other convenient benefits like speed and low fees. Bolivian players will be happy to learn that Astropay Card does support the boliviano. Additionally, it can be topped up by several different payment options!

VISA: VISA is one of the leading forces in the world of banking. As the most popular bank card globally, it’s practically supported in every online gambling venue you can think of! Bolivian players can use this method to access many sites and enjoy great benefits. Among them, safety seems to be at the top of the list! Of course, there is a downside to using VISA players should be aware of. Compared to methods like eWallets, the processing times with VISA are long.

MasterCard: It’s safe to say that MasterCard is VISA’s biggest competitor. Both options are well-established and successful bank cards with incredible reach in all corners of the world! MasterCard offers users most of the same benefits VISA does. These include security, reliability, convenience, and access to tons of top-quality online casinos. As you might have imagined, the same cons apply to MasterCard too. Compared to most modern banking options, payment processing is slow.

MuchBetter: MuchBetter is an eWallet service that plenty of LatAm players go for. The reason why this option is so popular is pretty simple. It offers users low fees, fast transactions, and its convenient online banking platform is user-friendly! The safety you get with the method is also something worth mentioning, and since it is an eWallet, it grants users more anonymity when transacting online. The only issue you might run into with MuchBetter is its availability. Unfortunately, it’s not as popular in the online gambling space as the other methods on this list.

EcoPayz: EcoPayz is an online payment option that can be used in two ways. The first one is using it as a traditional eWallet, while the second is using the method’s prepaid card service. With both of these services, players are privy to some excellent perks. At the top of the list are the anonymity and the transaction speed! The payment method also has a few cons, but they apply solely to the prepaid card service. It can be hard to find a reseller in your area, and withdrawals with the card aren’t an option.

What Are the Gambling Laws for the Bolivian Boliviano?

As we might have already mentioned, online gambling regulations in Bolivia are practically non-existent. The country has only recently gotten interested in regulating traditional land-based gambling venues, so online gambling is low on the list of priorities. Thankfully, the interest in land-based gambling might lead to online gambling regulations down the line.

At the moment, players are free to visit many foreign online casinos. It’s good to keep in mind that since there are no online gambling regulations in the country, players aren’t afforded protection when practicing the activity. Because of this, the best practice would be only playing in online casinos that are thoroughly vetted and boast licenses from respectable foreign licensing bodies.

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