Reported about 7 hours ago
Bolivia has seen a remarkable increase of over 530% in cryptocurrency transactions as citizens turn to platforms like Binance and Tether to safeguard their finances against the depreciating local boliviano currency. Official figures reveal that these digital asset transactions grew from $46.5 million in mid-2024 to $294 million in the same period of 2025, driven by the economic crisis characterized by soaring inflation and dwindling dollar reserves. While proponents view cryptocurrencies as a viable alternative for preserving wealth, experts caution that this trend reflects the diminishing purchasing power of households rather than economic stability.
Source: YAHOO