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Cryptocurrencies replace cash as Bolivia’s economic crisis deepens
In the commercial centre of Cochabamba, the third largest city of Bolivia, cryptocurrencies are quickly becoming a necessity rather than a fragmented experiment. Crypto ATMs enabling shoppers to swap coins for Bitcoin, beauty salons accepting digital assets at a discount, and Binance accounts getting you meals. Bolivia is facing one of its most serious economic crises in decades. Dollar reserves in the country are nearly depleted. The result is the highest inflation in 40 years. According to a Reuters story, the city is congested with gas station lines due to a lack of fuel. The official exchange rate is more ... (full story)
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