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Bolivian State Energy Firm to Use Crypto to Pay for Imports

Reuters on MSN · 14h

Bolivia turns to crypto for energy imports amid dollar, fuel shortages

Bolivia's state energy firm YPFB will use cryptocurrency to pay for energy imports amid a painful shortage of dollars and fuel in the landlocked South American nation, a company spokesperson and a government official told Reuters on Wednesday.

CoinDesk · 14h

Bolivian State Energy Firm to Use Crypto to Pay for Imports: Reuters

YBFB hopes that using crypto will be a direct solution to the nation's shortage in U.S. dollars and foreign currency reserves.

Cryptopolitan on MSN · 4h

State-backed Bolivian energy firm YPFB turns to crypto amid painful dollar shortage

The Bolivian state energy company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has announced plans to make energy imports into the country with cryptocurrency as there is a current shortage of dollars within the country.

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