Inflation fears push Bolivian small businesses to embrace crypto
Bolivian small businesses are increasingly starting to accept crypto as payment amid the ongoing financial crisis.
Small businesses in Bolivia are increasingly embracing crypto as trust in the official currency deteriorates. According to a report by Reuters, restaurants, beauty salons, and a range of small businesses are beginning to accept crypto payments.
Amid this rising crypto adoption, transactions are up 530% in the first half of 2025 compared to the same period last year. According to Bolivia’s central bank, crypto transactions rose from $46.5 million to $294 million over the course of the year.
The surge in crypto usage comes as the country grapples with a major financial crisis. Bolivia’s currency has…
