El Paralelo is a mobile application designed to provide Venezuelan users with real-time information on the parallel exchange rate of the Venezuelan Bolívar (VES) against the US dollar (USD), specifically focusing on the peer-to-peer (P2P) market of Binance. Its primary function is to offer a quick and easy way to access this information, eliminating the need for manual calculations.
The app's key features include providing instant exchange rates at scheduled times throughout the day (more frequent during weekdays), live notifications for updates, a built-in calculator for converting VES to USD and vice-versa, and easy sharing options for the exchange rate or conversion results via various messaging and social media platforms. A significant strength is its stated commitment to transparency and avoidance of speculation, relying solely on publicly available data from Binance's P2P market. This claim of independence from official bodies or Binance itself is also presented as a key advantage, implying neutrality and objectivity.
El Paralelo is most useful for individuals in Venezuela who regularly need to convert between VES and USD, particularly those involved in transactions that rely on the parallel exchange rate. This could include freelancers, businesses conducting international transactions, or individuals sending or receiving money internationally. The app's speed and ease of use are particularly beneficial in a market where exchange rates can fluctuate rapidly. The live notifications are a valuable feature for users who need to stay constantly updated on the current rate.
The target audience is clearly Venezuelans who need to track the unofficial exchange rate of the Bolívar. Given its reliance on Binance's P2P market, it's particularly relevant to those already familiar with or using that platform. The app's simplicity and ease of use suggest it's designed for a broad range of technical proficiency, from those comfortable with financial applications to less tech-savvy users.
Overall, El Paralelo presents a potentially useful service for its target audience. However, a 0/5 rating suggests significant issues are present. While the app's stated features are beneficial, the lack of user reviews and a 0-star rating raise serious concerns. Without user feedback and a more detailed understanding of the app's performance, accuracy, and reliability, a comprehensive assessment is difficult. The app's success hinges entirely on the accuracy and timeliness of its data. Any discrepancies between the app's reported rates and the actual rates on Binance's P2P market would severely undermine its credibility and usefulness. Further investigation is needed to determine whether the app's stated commitment to transparency and accuracy is fulfilled in practice. Until more user reviews and feedback are available, it is advisable to approach the app with caution.
Review published on August 11, 2025