With inflation reaching new heights and the boliviano losing half its value, Bolivians are increasingly using digital assets. This shift is observed in Cochabamba, where merchants accept Bitcoin and Binance payments.
The Bolivian government is developing regulations for fintech companies to meet international standards. Despite the positive buzz around crypto, former central bank head Jose Gabriel Espinoza sees it as a sign of economic deterioration rather than stability.
Recent reports show that digital asset transactions surged over 530% from 2024 to 2025, indicating a profound shift in consumer behavior, particularly among younger generations favoring digital over traditional payments.
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