Bolivia's Toyota dealer Toyosa begins accepting Bitcoin for vehicle purchases

Bolivian Toyota dealer Toyosa has started accepting Bitcoin (BTC) as a payment method for vehicle purchases, according to CoinDesk. Buyers can now pay in BTC alongside Bolivianos, U.S. dollars and USDT. Toyosa unveiled the option during Expocruz 2026 in Santa Cruz. The move builds on the company's USDT payment service, which has been in place for a year after going live in 2025. Under the previously disclosed process, customers first obtain a quote, then select a supported blockchain network and complete payment by scanning a QR code with a crypto wallet. Toyosa's public materials list USDT support for the Ethereum and Tron networks, with Towerbank serving as the financial partner and BitGo providing blockchain-technology support. As of Sept. 20, the page had not yet been updated with separate instructions for Bitcoin payments. In the arrangement, Towerbank handles transactions and operates the trading platform while providing digital-asset support. BitGo supplies institutional-grade wallet infrastructure, security features and transaction traceability. On Sept. 20, BitGo said BitGo Bank & Trust provides the digital-asset wallet infrastructure for Toyosa's Bitcoin payment services. Neither Toyosa nor its partners have disclosed which BTC wallets are supported, how many confirmations are required, how exchange rates are determined or whether transaction limits apply. It also remains unclear whether Toyosa will retain received BTC on its balance sheet or convert payments to fiat upon settlement. Bolivia's looser regulatory stance has coincided with higher virtual-asset activity. In June 2024, authorities eased restrictions on virtual-asset payments, allowing electronic payment channels and tools to be used for related transactions. The central bank has maintained that the Boliviano is the country's only legal tender and that businesses are not required to accept cryptocurrency. Central bank data show virtual-asset transactions conducted via electronic payment tools totaled $294 million in the first half of 2025, up from $46.5 million in the same period of 2024. Total volume since the policy change has reached $430 million.