This collection option is available for teachers of the University’s international squad.
It is a financial system that “allows to attract talent,” says the institution.
The Universidad Mayor de San Andrés (UMSA) of Bolivia has implemented a payment system that allows teachers who integrate the international squad to receive their salary in Bitcoin (BTC).
“This revolutionary financial system allows us to attract global academic talent and optimize international transactions in real time,” said the authorities of that house of studies.
One of the beneficiaries of this initiative, which was announced on May 23, 2025, is the Master in Science, Luis Rodrigo Porta, who said: “This payment reflects the bold vision of the UMSA. Now, sharing knowledge is as fast as sending a message.”
It should be noted that Bolivia is going through a crisis due to the shortage of foreign exchange, which hinders international transactions and, therefore, the hiring of human resources from abroad. In this context, the adoption of BTC plays an important role, not only as a means of payment, but also as a solution to overcome these limitations.
It should be noted that the Central Bank of Bolivia authorized the use of digital assets in June 2024. From that moment, operations with BTC and cryptocurrencies grew 630% in a year, reaching 430 million dollars, according to data from the Central Bank of Bolivia (BCB).
For its part, the volume of transactions reported by the BCB went from 46.5 million dollars in the first half of 2024 to 294 million in the same period of 2025showing exponential growth.
Although there is still a long way to go, the increase reflects the growing adoption of cryptocurrencies and stablecoins such as USDT, which citizens and shops use as a reserve of value and payment method.
In this regard, Mariela Baldivieso, deputy of the Plurinational Legislative Assembly of Bolivia and representative of the Citizen Community Party, told Cryptooticias: “We are placating an economic crisis thanks to the use of cryptoactives.” In addition, he highlighted as “something positive” the adoption of digital assets because “approximately 45 million dollars are being moved per month in the sale of cryptoactives and that is due to the removal of restrictions.”
