Mastercard analysts conducted a survey, according to which in Latin America 51% of card users of this payment system bought cryptocurrencies.
The New Payments Index 2022 study, which was conducted between March and April of this year, involved 35,000 people. It turned out that investing in cryptocurrencies in Latin America is very popular. About a third of respondents also invested in stablecoins. In addition, investments in NFTs and decentralized finance (DeFi) projects are quite popular.
“Hispanics are increasingly using new technologies to conduct financial transactions. We expect the trend to continue as 95% of respondents reported plans to use digital currencies for payments. 29% said they have used less cash over the past year,” said Walter Pimenta, vice president of products and engineering for Mastercard in Latin America and the Caribbean.
The survey also revealed that 54% of Latin Americans expect digital assets to grow and see them as a promising sector for investment. Two-thirds of respondents noted the significant flexibility of cryptocurrencies for different use cases. 82% of respondents said they would like to see support for cryptocurrencies from banking institutions.
Earlier it was reported that the Visa payment system is launching cryptocurrency-enabled cards in Latin America.
Source: Bits
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