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 is facing a serious economic issue as the country has a severe lack of dollars and gasoline, forcing the state energy agency YPFB to use cryptocurrencies for energy imports.

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

STORY: From why Bolivia is turning to digital currencies for energy imports.To one of the biggest ever deals in the crypto industry.:: Crypto WeeklyThis is Crypto Weekly.:: Bolivia's energy planBolivia's state energy firm YPFB plans to use cryptocurrency to pay for energy imports.

Bolivia’s state energy firm, YPFB, will use cryptocurrency for energy imports amid a worsening fuel crisis. The country is struggling with declining gas exports and

The Bolivian state energy company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has announced plans to make energy imports into the country with

Bolivia’s adoption of crypto for energy imports could stabilize fuel supplies and ease the dollar shortage. The success of this strategy hinges on effective implementation and managing regulatory uncertainties.

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

YBFB hopes that using crypto will be a direct solution to the nation's shortage in U.S. dollars and foreign currency reserves.

In Bolivia's farm region of Santa Cruz, a worsening fuel shortage is starting to hit farmers' ability to harvest their crops, a concern for the embattled South American country where agriculture has become a key economic driver.