The digital payments revolution that started during the pandemic. It is spurring the interest and usage of Latin America, as 51% of consumers in the region have previously transacted with crypto, according to a survey of cryptocurrencies. Mastercard
In addition, more than a third said They have bought with stablecoin, according to Mastercard’s New Payments Index 2022, a survey conducted between March and April of more than 35,000 people around the world.
Studies have shown that financial innovations such as cryptocurrencies, DeFi solutions, blockchains, NFTs have become important events in the region. Consumers are eager to learn more about the ecosystem.
“More and more Latin Americans are turning to technology for financial transactions, and this trend is expected to continue to increase, with 95% planning to use digital payment methods in the next year, and 29% agreeing that. Used less cash in the past year,” said Walter Pimenta, Executive Vice President of Product and Engineering, Mastercard Latin America & Caribbean.
In Latin America, 54% of consumers surveyed Still optimistic about the effectiveness of digital assets in investing. And two thirds want more flexibility in using cryptocurrencies and traditional payment methods interchangeably.
The majority of consumers in the region, 82% of those surveyed said They wanted to have crypto-currency-related functionality that could be used directly from their current financial institution.
The survey also showed that Consumers will feel more confident investing (69%) and making/receiving payments (67%) in cryptocurrency. if it is issued or sponsored by a trusted organization
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