Toyosa, the official Toyota distributor in Bolivia, has added Bitcoin as a checkout option for vehicle purchases, expanding a digital-asset payment service that first launched with USDT in 2025. The announcement was made on September 18 at Expocruz 2026 in Santa Cruz, with BitGo confirming its role on September 20.
Towerbank supplies the transaction-processing platform and digital-asset support, while BitGo Bank & Trust provides institutional-grade wallet infrastructure, security and transaction traceability. Customers can now choose between bolivianos, U.S. dollars, USDT and Bitcoin when buying a Toyota.
The launch builds on Toyosa's September 2025 rollout, when the distributor worked with BitGo, Towerbank and Tether to accept USDT for vehicles, parts and services. Toyosa's existing USDT page lists Ethereum and Tron as supported networks and identifies Towerbank as the financial partner and BitGo as the blockchain technology provider.
Bolivia's central bank removed its crypto payment-channel ban in June 2024 by revoking Resolution 144/2020. That allowed financial institutions to process virtual-asset transactions, although the boliviano remains the only legal tender. The Banco Central de Bolivia reported that virtual-asset transactions using electronic payment instruments reached $294 million in the first half of 2025, up from $46.5 million a year earlier.
Still, key operational details remain undisclosed. Toyosa has not published supported Bitcoin networks, confirmation requirements, exchange-rate methodology, fees, payment limits, refund policy or whether it retains BTC after settlement. No completed Bitcoin vehicle sale had been identified as of September 20. The distinction matters: accepting Bitcoin for payment is not the same as adding it to a corporate treasury, since a processor could convert the BTC before Toyosa receives the proceeds.
During the presentation, Toyosa Group artificial intelligence director Edwin R. Saavedra said: 'From the silver of Potosí to Bitcoin: Bolivia is once again at the forefront of the history of money.'
