Bolivia and El Salvador signed a memorandum of understanding to promote cryptocurrency adoption. Bolivia’s Central Bank views crypto as a viable alternative to fiat currencies amid economic turmoil, allowing banks to process Bitcoin and stablecoin transactions.
The collaboration seeks to modernize Bolivia’s financial system and improve financial inclusion for families and small businesses. With crypto trading volumes surging to 294 million USD by June 30, 2025, the partnership signals Bolivia’s shift towards digital currencies.
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