
Bitcoin.com News|Mar 13, 2025 07:32
🇧🇴 YPFB, the largest state-owned energy company in Bolivia, is set to embrace cryptocurrency payments for fuel and energy imports! ⛽️
Facing a scarcity of dollars, YPFB has designed a system to facilitate crypto transactions, supporting the national subsidy policy for fuel purchases. A spokesperson confirmed, "From now on, these transactions will be carried out."
While stablecoins weren't explicitly mentioned, government officials see them as useful dollar proxies. Central Bank President Edwin Rojas Ulo noted that using stablecoins is like trading in U.S. currency.
Since the Central Bank lifted the crypto ban last year, Bolivia has seen a crypto renaissance, with transaction volumes soaring!
What do you think about crypto's role in supply chains? Let us know your thoughts! 💬
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