Argentina buys natural gas with Bitcoin! YPF company accepts cryptocurrency payments, setting a national precedent
Argentina's energy giant YPF announced that it will accept Bitcoin for natural gas payments, with President Milei stating, "This is a key step in breaking the dollar hegemony." The first transactions involve 21,000 household users, and the payment system was developed by the local exchange Buenbit.
Binding energy to cryptocurrency, Latin America’s ‘de-dollarization’ embarks on a radical experiment. However, the risks of cryptocurrency price volatility may shift the burden onto people's livelihoods, making ordinary citizens policy test subjects.