Bolivia is facing a serious economic issue as the country has a severe lack of dollars and gasoline, forcing the state energy agency YPFB to use cryptocurrencies for energy imports.

Bolivia's state energy firm YPFB will use cryptocurrency to pay for energy imports amid a painful shortage of dollars and fuel in the landlocked South American nation, a company spokesperson and a government official told Reuters on Wednesday.

YBFB, Bolivia's state energy company, plans to use cryptocurrency for energy imports due to a shortage in U.S. dollars and foreign currency reserves. The move aims to address the fuel crisis caused by a lack of natural gas exports, leading to protests.