51% of Latin American consumers experienced cryptocurrencies according to Mastercard survey
Most consumers in the region, 82% of those surveyed, said they would like to have crypto-related functions directly from their current financial institution.
According to a recent Mastercard survey, the understanding and interest of Latin Americans in cryptocurrencies has increased sharply, accounting for 51% of those surveyed. What’s more, more than a third of them said that they used stablecoin to buy goods. More than 35,000 people worldwide used this payment method, according to a survey from March to April 2022.
In addition, there are many studies that cryptocurrencies, DeFi, blockchain, and NFT have been of interest to many people recently.
“More Latin Americans are turning to technology to carry out their financial transactions, and this trend is expected to continue to grow, with an overwhelming 95% planning to use digital payment methods next year and 29% admitting to having used less cash in the past year,” said Walter Pimenta, executive vice president of product and engineering, Mastercard Latin America and the Caribbean.
In Latin America, 54% of consumers surveyed are optimistic about the performance of digital assets as an investment, and two-thirds want to use cryptocurrencies and traditional payment methods interchangeably.
Most consumers in the region, 82% of those surveyed, said they would like to have crypto-related functions available directly from their current financial institution.
The survey also found that consumers will feel more confident investing (69%) and making/receiving payments (67%) in cryptocurrencies if they are issued or supported by a trusted organization.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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51% of Latin American consumers experienced cryptocurrencies according to Mastercard survey
Most consumers in the region, 82% of those surveyed, said they would like to have crypto-related functions directly from their current financial institution.
According to a recent Mastercard survey, the understanding and interest of Latin Americans in cryptocurrencies has increased sharply, accounting for 51% of those surveyed. What’s more, more than a third of them said that they used stablecoin to buy goods. More than 35,000 people worldwide used this payment method, according to a survey from March to April 2022.
In addition, there are many studies that cryptocurrencies, DeFi, blockchain, and NFT have been of interest to many people recently.
“More Latin Americans are turning to technology to carry out their financial transactions, and this trend is expected to continue to grow, with an overwhelming 95% planning to use digital payment methods next year and 29% admitting to having used less cash in the past year,” said Walter Pimenta, executive vice president of product and engineering, Mastercard Latin America and the Caribbean.
In Latin America, 54% of consumers surveyed are optimistic about the performance of digital assets as an investment, and two-thirds want to use cryptocurrencies and traditional payment methods interchangeably.
Most consumers in the region, 82% of those surveyed, said they would like to have crypto-related functions available directly from their current financial institution.
The survey also found that consumers will feel more confident investing (69%) and making/receiving payments (67%) in cryptocurrencies if they are issued or supported by a trusted organization.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
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CoinCu News
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