Bolivia & Crypto: A Match Made…? 🤯

So, Bolivia’s having a bit of a rethink about money, are they? After a decade of the Boliviano doing its best impression of a deflating balloon 🎈, they’re looking to El Salvador – yes, *that* El Salvador – for guidance on cryptocurrencies. It’s a bit like asking a pyromaniac for fire safety tips, frankly. But hey, desperate times, right?

  • Bolivia and El Salvador are holding hands and talking about digital money. Aww.
  • The Bolivian Central Bank thinks cryptos are “viable and reliable.” Let’s see how long *that* lasts.
  • People are already using Bitcoin and USDT. Apparently, trusting governments isn’t what it used to be.

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Former Central Bank President Jose Gabriel Espinoza reports daily USDT transaction volumes reached $600,000 in 2025 – a massive increase. While tiny compared to the overall economy, the adoption rate is accelerating quickly. 🚀

Banco Bisa, a Bolivian banking behemoth, launched a custody service for Tether’s USDT last October. And YPFB, the state-owned oil and gas company, is reportedly planning to use crypto for fuel imports. It’s all very…unexpected.

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2025-07-31 11:29