💨 Abstract

Bolivia's state energy firm YPFB will use cryptocurrency for energy imports due to a dollar and fuel shortage, sparked by dwindling natural gas exports. The new system aims to support national fuel subsidies amid a lack of hard currency. YPFB has not yet used digital currency for purchases, but plans to do so. The country, once a net energy exporter, has become reliant on imports as domestic gas production decreases.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖