TechFlow news, March 12 — According to Reuters as reported by Coindesk, Bolivia's state-owned energy company YPFB will begin using cryptocurrencies to pay for energy imports. YPFB aims to directly address the country's shortage of U.S. dollars and insufficient foreign exchange reserves through the use of cryptocurrencies.
The report指出 that Bolivia is currently facing a fuel crisis, primarily caused by reduced natural gas exports, which has triggered sporadic protests across the country. A YPFB spokesperson told Reuters: "From now on, these (cryptocurrency) transactions will be carried out."
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