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.

Bolivia approves crypto for energy imports, tackling the economic crisis and foreign currency shortage with a new digital payment system.

Bolivia approves crypto payments for fuel imports to address dollar shortages and stabilize energy supplies amid an ongoing fuel crisis.

Bolivia’s state energy company, YPFB, has turned to cryptocurrency as a method of payment for energy imports, according to a company spokesperson and a government official. This decision comes as the landlocked South American nation grapples with a severe shortage of dollars and fuel.