In the face of dollar shortage, cryptoassets backed by gold, lithium and technological metals are promoted

President Luis Arce announced this Tuesday, during his speech for the 199th anniversary of independence, that the national government has enabled the use of digital platforms and payments pto strengthen the country’s financial and commercial activities in the face of the dollar shortage.

“With this measure, the flow of foreign currency into the country will be boosted, as well as the deepening of the payment system for purchases abroad, benefiting users who carry out transactions with foreign currencies internationally,” said the president.

President Arce highlighted that this first monetary measure will alleviate the effects of the dollar shortage in the national economy and will respond immediately “to the adverse global situation we are facing.”

To also reduce the use of the physical dollar, Arce announced the promotion of cryptoassets backed by gold, lithium and technological metals, such as Theater’s Alloy (aUSDT).

The implementation of a payment gateway will serve as a bridge for customers Carry out your payment transactions comfortably and secure. This software is dedicated to the online management of digital transactions.

Arce reiterated that these measures provide the population with additional mechanisms that will contribute to Strengthening financial and commercial activities.

In June, the Central Bank of Bolivia (BCB) announced the implementation of channels and Electronic Payment Instruments (IEP) for buying and selling virtual assets.