Argentine state-owned energy giant weighs crypto payments for fuel: Report
Argentina’s state oil company, YPF, is reportedly exploring crypto payments at its fuel stations as adoption of digital assets rises, following the recent rollout of US dollar transactions.
Yacimientos Petrolíferos Fiscales (YPF), Argentina’s state-controlled energy company, is reportedly considering allowing drivers to pay for gasoline and diesel with cryptocurrency, as digital assets continue to gain traction in everyday transactions across the country.
The plan could rely on a third-party processor rather than direct wallet payments, including local and international platforms such as Lemon, Ripio or Binance to handle conversions, local news outlet La Nación reported on Tuesday, citing people familiar with the matter.
The review comes just two months after YPF began accepting US dollar payments at its stations, a step that made it the country’s first fuel chain to price and process sales in US dollars. The policy came amid a broader push by Economy Minister Luis Caputo to encourage the circulation of hard currency as a way of stabilizing transactions and restoring confidence in the peso.
