TL;DR
- YPF is entering a modernization phase and will offer cryptocurrency payments for fuel purchases. It becomes the first Argentine oil company to add this option.
- The company is integrating a system that accepts crypto payments and instantly converts them into pesos using a QR code and a compatible wallet.
- The mechanism uses an exchange to process the payment and apply the real-time exchange rate, a flow that mirrors the model already used for dollar payments.
YPF is expanding its digitalization plan and adopting cryptocurrency payments at fuel stations, becoming the first Argentine oil company to offer this alternative.
How Will Crypto Payments Work?
The company will introduce a system that processes crypto transactions and automatically converts them into pesos, a setup that removes volatility and simplifies station accounting. The operation is executed by scanning a QR code generated at each payment terminal and selecting the cryptocurrency from a compatible wallet.
The process will rely on an exchange as an intermediary. The customer pays with a cryptocurrency and YPF’s backend converts the amount at the current exchange rate, crediting pesos to the station’s account. The company aims to provide a simple flow for users while keeping its accounting infrastructure aligned with local regulations. The logic replicates the mechanism launched in October for dollar payments through YPF’s app, where the company relies on Banco Santander to process those operations.
YPF Aims to Attract Stablecoin Users
Argentina’s high inflation and currency volatility have accelerated the search for more flexible payment methods. YPF is adding this option to attract consumers who use stablecoins as a store of value and prefer to operate without relying on the foreign exchange market. The company has already seen steady adoption of dollar payments and is now expanding its ecosystem to integrate widely used digital assets in the country.
This places YPF among a small group of fuel companies using instant conversion schemes, a practice seen in the United Arab Emirates, Australia, and several pilot initiatives in Latin America. Its future expansion will depend on regulatory clarity, the availability of compatible terminals, and user confidence in digital wallets for everyday spending
