Mastercard survey reveals that fifty percent of Latinos have used cryptocurrencies

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Mastercard survey reveals that fifty percent of Latinos have used cryptocurrencies

Mastercard survey reveals that fifty percent of Latinos have used cryptocurrencies
(Leon Overwheel/Unsplash)
Source: CoinDesk
1656755090 02 Jul / 09:44

According to a poll by Mastercard, 51% of customers in Latin America had engaged in at least one cryptocurrency transaction (MA).

The "New Payments Index 2022" survey also revealed that more than one-third of Latin Americans had made a daily transaction using a stablecoin. In contrast, Mastercard claimed that just 11 percent of respondents globally had made a purchase using a digital asset.

In addition, 54 percent of Latin Americans expressed optimism over the performance of digital assets as an investment vehicle, according to the report, which was based on a March-April poll of 35,000 individuals from around the world.

In a statement, Walter Pimenta, executive vice president of products and engineering for Mastercard Latin America and the Caribbean, stated, “More and more Latin Americans are interested in cryptocurrencies and demand solutions that allow access to the crypto world.”

Almost 70% of customers in Latin America and the Caribbean stated they would feel better at ease investing and dealing in crypto if there was a reputable third party.

“The future of payments is already here. Increasingly Latin Americans are turning to technology to conduct their financial transactions and this trend is expected to continue to rise, with an overwhelming 95% planning to use a digital payment method in the coming year and 29% acknowledging having used less cash in the past year,” Pimenta stated.

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