Bolivia wants to make money by turning lithium carbonate into tokens

Lithium carbonate tokens appear as a key Bolivian initiative to diversify the commercialization of this natural resource. Bitcoin (BTC) and cryptocurrency aide Mariella Bardivi announced a project to turn lithium into a digital asset, allowing international investors to participate in negotiations.

The plan, promoted by lawmakers, takes experiences such as Argentina. Where to move forward at this address. The Bolivian lithium token proposal has attracted the attention of companies specializing in this sector as an Atomic 3 that works with Bolivia to make it happen.

According to Baldivieso, the project consists of splitting the domestically generated lithium and converting it into tokens. Each kilo of lithium is equivalent to a tokenthe price of commercialization of distributed networks is allocated.

A video shared this week on the agent’s social network explained that the goal was to have “open opportunities for more people to participate” in the lithium business. The initiative aims to democratize access to this strategic resource.

The proposal has already reached the representative meeting of the Bolivian Parliament. So, Baldivieso highlighted the need to update its lithium marketing methods. “Tokenizar uses the most transparent distributed network technology, allowing it to sell lithium to Russia, China and other countries and democratize purchases,” he said. The lawmakers emphasized that it is not a new idea. But the model is already working in other countries.

For example, Argentina plans to tokenize up to 10,000 tonnes of lithium carbonate per year. This advancement is designated after an agreement between Atomic Company 3 and local miners in the Salah community in Moguna, as reported by encryption.

Bolivian Opportunities

Argentinean companies inspired by this incident This week we have extended our invitation to Bardiviso. We will collaborate on projects in Bolivia. Atomic 3 CEO Pablo Rutigliano said in a statement that it could become a “strategic ally” for Bolivia.

“Our participation will ensure the implementation of a robust and reliable technology infrastructure, in addition to providing knowledge about regulatory compliance and large-scale adoption of these financial products,” Lutigliano said.

Executives who saw messages through encryption believe that lithium tokenization represents Bolivia’s “important opportunities”. “Combining the economic potential of this resource with the economic potential, we can position the country as a reference for the digitalization of Latin American goods,” he said.

Lithium carbonate is a compound derived from lithium and is a light metal rich in Salah, such as Bolivia, Argentina, and Chile. It is obtained primarily by extraction and treatment of abundant salmuela and is presented as a white powder. Its main purpose is to manufacture rechargeable batteries.especially in the case of electronic devices and electric vehicles, because they have the ability to store energy. It is also used in the pharmaceutical industry in bipolar disorder, in the production of heat-resistant ceramics and glass, and in the production of metal alloys. That demand has increased with the shift towards renewable energy.

There is official support for the use of digital assets in Bolivia. The central government and central banks lifted a ban restricting the sector last year. since then, Cryptocurrency usage has grown in a sustainable way. The government even approved plans to use them to pay for imported fuels. This is a measure driven by the currency shortage experienced by countries that created the energy crisis, as reported by Cryptoics.

Baldivieso sees in tokenization how to leverage the favorable context for digital assets. According to experts, Bolivia has one of the largest lithium reserves in the worldwe are focusing on Sarade Uyuni. Transforming this resource into tokens could attract foreign investment and diversify the income of countries that historically relied on traditional methods of export.

The project is still in discussion phase. However, the progression of a similar model in Argentina suggests a viable path. Tokenization as a technical tool, We promise transparency and accessibilitytwo aspects that Baldivieso highlighted in his presentation.

Bolivia faces economic challenges, but this initiative could mark the order of how to manage one of the most valuable resources. Discussion is key to decision If the country is added to the global trend of digitizing raw materials.