Bolivia Turns to Crypto Payments for Fuel Imports Amid Economic Struggles

The Bolivia’s state energy firm, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) plans to adopt crypto payments for the procurement of fuels as the country faces acute shortage of the foreign currency and fuel supply. officials of the company recently stated that the government of the country had endorsed the use of digital assets in the purchase of fuel thus changing its stance on cross border operations.