CMC News

#Argentina's Largest Oil Company, #YPF, Considers Accepting Crypto Payments at Gas Stations

Argentina's state-controlled oil company is exploring #cryptocurrency payment options for fuel purchases. Yacimientos Petrolíferos Fiscales (YPF) is considering partnerships with digital asset platforms to process transactions at service stations nationwide.

The initiative would rely on third-party processors, including Lemon, Ripio or #Binance, to handle conversions, according to sources familiar with the discussions. Local news outlet La Nación reported the development on Tuesday, noting the company is evaluating technical infrastructure requirements.

This consideration arrives two months after YPF became the country's first fuel chain to accept U.S. dollar payments. Economy Minister Luis Caputo introduced the policy to encourage hard currency circulation and stabilize transactions amid ongoing peso volatility.

The proposed system would mirror existing dollar payment mechanics. Customers would scan QR codes and transfer funds to YPF's Banco Santander account, with applications displaying peso equivalents based on Banco Nación buying rates.