According to a Mastercard poll, 51% of Latin American customers have already transacted with cryptocurrency as a result of the digital payments revolution that started during the epidemic.
According to Mastercard’s New Payments Index 2022, a poll of over 35,000 individuals globally performed between March and April and published on Wednesday, more than a third stated they have completed a stablecoin purchase.
Eighty-two percent of those surveyed in the area expressed an interest in having their existing financial institution provide cryptocurrency-related services.
Additionally, 67% of respondents said they would be more comfortable investing (69%) or using (67%) cryptocurrencies if they were issued or supported by an established entity.
67% of respondents would feel more comfortable investing or using cryptocurrencies if they were issued or backed by an established entity.
Consumers in the area are keen to learn about financial innovation, as shown by the fact that the study’s second edition demonstrates that cryptocurrency, DeFi solutions, blockchain, and NFTs are all seeing substantial activity.
Mastercard Latin America and the Caribbean executive vice president of product and engineering Walter Pimenta said that Latin Americans are increasingly using technology to conduct their financial transactions. “This trend is expected to continue rising, with an overwhelming 95 percent planning to use a digital payment method in the next year and 29 percent acknowledging having used less cash in the last year,” he said.
More than half of Latin American consumers believe that digital assets will provide a good return on investment, and more than two-thirds desire the ability to pay with crypto and conventional payment methods simultaneously.
Image: “Bitcoin Safe IMG_2966” by btckeychain is licensed under CC BY 2.0.
© 2024 Cryptopress. For informational purposes only, not offered as advice of any kind.
