What’s Driving Growth of Digital Assets in Latin America May Surprise You
As noted in a previous post, cryptocurrency and blockchain technology adoption are ramping up in Latin America, with rapid growth acceleration projected for 2023 and beyond.
As noted in a previous post, cryptocurrency and blockchain technology adoption are ramping up in Latin America, with rapid growth acceleration projected for 2023 and beyond.
Paxos, the leading regulated blockchain infrastructure platform, published “What’s Driving the Immense Growth of Crypto in Latin America?”, a new white paper that delves into the consumer and market trends fueling adoption of digital assets in the region. Following the successful integration of crypto into numerous Latin American fintech apps like Mercado Libre, Nubank, PicPay and others, Paxos sought to understand the drivers behind the region’s robust embrace of cryptocurrency. Crypto usage in Latin America has increased by 1370% from 2019-2021, according to Chainalysis.