Bolivia is using cryptocurrency, a type of digital money, to pay for energy! This is happening because they have a shortage of US dollars. This isn't the first time a South American country has tried this.
- Bolivia will use crypto to buy energy from other countries.
- Venezuela tried something similar with a crypto called 'Petro,' but it didn't work well.
- Venezuela's problems involved corruption and not enough money to back up their crypto.
| Fact | Detail |
|---|---|
| Bolivia's Action | Using crypto to buy energy due to dollar shortage |
| Venezuela's Petro | Failed due to corruption and lack of backing |
| Venezuela's Seized Mining Machines | Over 17,000 in 2023 to reduce power usage |
