Browsing Tag

dollar shortage

Cryptocurrencies are an alternative to the lack of foreign currency in Venezuela

Cryptocurrencies, especially tether (USDT), have become an alternative for the private sector in Venezuela given the low availability of dollars. In this sense, the private sector uses tether for transactions through authorized banks that offer these transactions to local companies. To do so, "they…

Bolivia to allow the use of cryptocurrencies for fuel purchases

The Bolivian government issued a decree authorizing the state-owned energy company YPFB to use cryptocurrencies to pay for energy imports, particularly gasoline and diesel. The South American country is currently experiencing an internal…