Yacimientos Petrolíferos Fiscales (YPF), Argentina's state-run energy firm, is exploring the option for drivers to pay for gasoline and diesel using cryptocurrency, reflecting the growing acceptance of digital currencies in daily transactions. According to local news outlet La Nación, the initiative may involve a third-party processor, such as Lemon, Ripio, or Binance, for handling conversions. This consideration follows YPF's recent acceptance of US dollar payments, making it the first fuel chain in Argentina to do so. The proposed system would function similarly to the current dollar payment method, where customers scan a QR code to transfer funds to YPF's Banco Santander account, with the app showing the peso equivalent based on Banco Nación's rates. Despite the rise in crypto adoption, Argentina has faced challenges, including the controversial Libra memecoin incident that led to significant investor losses. Additionally, a planned $20 billion financial rescue for the country was recently abandoned, with lenders now discussing a smaller $5 billion loan.
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