The word blockchain has long since ceased to be a term reserved for tech enthusiasts. Today, it's a tool that moves billions of dollars in transactions, contracts, and investments worldwide. In Latin America, its adoption is growing rapidly: according to the Chainalysis Global Crypto Adoption Index 2025, the region experienced a 63% year-over-year growth in crypto adoption, solidifying its position as one of the most dynamic markets on the planet. The report also highlights that the use of stablecoins dominates a large portion of transactions in Latin America, not only as investment instruments but also as means of payment and a hedge against monetary instability. In Brazil, for example, around 12% of the population already actively uses crypto assets. In Bolivia, the trend is equally clear: the volume of cryptocurrency transactions increased by more than 530% in the first half of 2025, rising from US$46.5 million in 2024 to almost US$300 million in 2025, according to Reuters. This equates to approximately 600 million USD per year, suggesting that between 3% and 4% of the Bolivian population already actively uses cryptocurrencies, primarily stablecoins such as USDT and USDC.
A Country in Crisis, a Technological Opportunity
To understand the rise of blockchain in Bolivia, it is necessary to review the context. The local financial system is experiencing an unprecedented crisis, marked by a lack of foreign currency, a drop in international reserves, and restrictions on buying dollars. Banks are unable to provide cash dollars to depositors, and even when foreign currency accounts exist, withdrawals in Bolivianos are made at a rigid official exchange rate that does not reflect the true market value. In this scenario, for importers, exporters, and ordinary citizens, traditional international transfers via SWIFT are not only slow and expensive but even impractical. This is where stablecoins have found fertile ground: their ability to maintain parity with the US dollar makes them an immediate alternative for preserving value and moving capital beyond the limitations of the local banking system.
CABLOCK: Articulating a National Ecosystem
In this context, the National Blockchain Chamber of Bolivia (CABLOCK) has positioned itself as a key player. Its role is not limited to disseminating the technology: it seeks to connect the private sector, the government, and academia, fostering a blockchain ecosystem that responds to the country's challenges. The recent Blockchain Tour Bolivia 2025, with stops in Tarija, Santa Cruz, La Paz, and Cochabamba, brought together more than 500 attendees and solidified the Chamber's position as a space for debate and innovation. Topics ranged from technical issues such as asset tokenization to the urgent need for a legal framework regulated by ASFI to provide legal certainty to this emerging market. “Our goal is to ensure Bolivia doesn't fall behind. Blockchain is already transforming supply chains, financial markets, and even governments. We want this transformation to include our country,” stated Henry Hoyos, president of CABLOCK, during the event's closing ceremony.
Education and Young Talent
CABLOCK doesn't limit itself to organizing corporate events. In cooperation with Ethereum Bolivia and with guidance from experts like Kublai Gómez of Prismapay, it develops training programs for young programmers in smart contracts, Solidity, and Web3 applications. “Human talent is our greatest resource. Training local programmers is the only way to ensure that Bolivia can generate its own solutions and not depend solely on imported technology,” explains Kublai Gómez. To date, more than 200 young people have participated in workshops and bootcamps promoted by this alliance, some of whom are already working on international projects in agricultural traceability and decentralized finance.
Education and Young Talent ## PrismaPay: From Emerging Fintech to Regional Player
Among the founding members of CABLOCK, one company stands out for the speed with which it has gone from startup to a leading player: PrismaPay. In the midst of the Bolivian financial crisis, PrismaPay offers international transfers based on stablecoins such as USDT and USDC, allowing users to send money abroad and receive it in Bolivia in just one hour, with fees of around 3% or less, compared to bank fees that range from 3% to 7% above the parallel exchange rate. The difference isn't just about cost or time: PrismaPay allows its users to complete the entire process remotely, without waiting lists or excessive paperwork. Furthermore, its infrastructure automatically converts funds between cryptocurrencies and fiat currency, meaning that neither the sender nor the recipient needs to be blockchain experts: they can receive dollars or bolivianos directly into their local bank accounts. Simply put, PrismaPay offers the security of blockchain with the simplicity of the traditional financial system, a combination that has won the trust of both large importers and small entrepreneurs.
An Ambitious Vision: PrismaPay and the Technological Future
Beyond immediate services, PrismaPay has an ambitious vision for the future. The company is working on products based on decentralized finance (DeFi), as well as asset tokenization projects, which could open doors for Bolivians to international investment markets that were previously inaccessible.
The leadership of its CTO, Kublai Gómez, reflects this vision. During the Blockchain Tour Bolivia 2025, Gómez captivated the audience with a presentation on the history of cryptography, explaining how current systems like RSA and elliptic curve cryptography underpin blockchain security but could become vulnerable with the advancement of quantum computing. At the same time, he emphasized that this new technology will bring new encryption methods, demonstrating that PrismaPay is not only thinking about the problems of the present but also about the horizons of tomorrow.
With a highly technical team and international reach, PrismaPay is emerging not only as a short-term solution to the Bolivian crisis, but as a company capable of competing in the global blockchain and fintech ecosystem.
An Open Future for Bolivia
The outlook is clear: the economic crisis has pushed Bolivians to seek alternatives, and blockchain has proven to be more than just a fad. With an expanding ecosystem, a 63% regional growth in crypto adoption by 2025 and 3–4% of the Bolivian population already actively using cryptocurrencies, Bolivia has a unique opportunity before it. What was once seen as a tool for the few is now emerging as a platform on which to build the country's economic future. And the existence of a national chamber like CABLOCK, coupled with the capabilities of innovative companies like PrismaPay, shows that Bolivia can not only adopt technology but also lead in its regional development.
Hugo Del Castillo