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

The state’s public energy company Bolivia IBFB will use the cryptocurrency to pay energy imports, in accordance with Reuters report.

IBFB hopes that the use of the CRIPT will be a direct solution to the nation of shortages in US dollars and foreign currency reserves.

The deficiency comes next to the fuel crisis that encouraged the lack of natural gas exports that led to scattered protests across the country, the report said.

“From now on, these (cryptocurrency) transactions will be implemented,” said the IPFB spokesman Reuters.

This is not the first time that energy firm in state-owned in the cryptomed in crypt; In 2023 years agentina is IPF announced To move into crypto mining, and last April, Venezuela PDVSa revealed that it was used by cryptocurrencies to fight us with impossible sanctions in oil.