2 years ago
A caller study issued by Mastercard, the outgo processing giant, has recovered that astir consumers successful Latam person cognition of what cryptocurrency is. The study states that much than fractional of the consumers successful Latam person astatine slightest made a transaction involving cryptocurrency. Also, a 3rd of the surveyed declared having utilized a stablecoin to marque a payment.
Mastercard Report Finds Latam Is Fertile Ground for Payment Digitization
A study issued precocious by Mastercard has revealed that Latam is fertile crushed erstwhile it comes to adopting caller outgo systems. The report, titled New Payments Index 2022, found that 51% of the consumers successful the country had already made a transaction involving cryptocurrency. This is due to the fact that of the economical concern and roadblocks that immoderate consumers look erstwhile trying to determination funds utilizing accepted methods.
In the aforesaid way, the study recovered that stablecoins were a conveyance with immoderate penetration successful the payments marketplace successful Latam. A 3rd of the consumers successful the country person reported making a acquisition utilizing stablecoins.
Walter Pimenta, vice president of products and innovation for Mastercard Latam and the Caribbean, stated:
More and much Latin Americans amusement involvement successful cryptocurrencies and privation solutions that facilitate entree to the crypto world.
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The survey besides recovered that consumers from Latam are optimistic astir the usage of cryptocurrency arsenic an concern vehicle, with 54% of respondents having this opinion. In the aforesaid way, two-thirds of the surveyed desired to person much flexibility utilizing crypto and accepted integer methods to marque payments.
Latam consumers are besides successful favour of integrating existent fiscal institutions and cryptocurrency. According to the report, 82% would similar to person cryptocurrency-related functions disposable from their existent bank. There person been attempts astatine doing this, with Banco Galicia and Brubank successful Argentina, but these yet failed to supply the services owed to regulatory pressures.
Latam consumers are not lone enticed by crypto, but besides by the digitization of wealth and payments arsenic a instrumentality successful the region. Latam consumers were unfastened to utilizing emergent fiscal tech, including biometric payments, contactless payments, and QR codes. In fact, 86% of these consumers person already utilized an alternate outgo method during the past year. This is precise antithetic compared to different countries, similar the U.S., wherever 77% similar to usage accepted outgo methods.
What bash you deliberation astir the latest crypto and payments study issued by Mastercard? Tell america successful the comments conception below.
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