Mastercard: 51% users from Latin America invested in cryptocurrencies – Bits Media

Mastercard analysts conducted a survey, according to the results of which in Latin America 51% users of cards of this payment system bought cryptocurrencies.

In the study "New Payments Index 2022", which was carried out between March and April of this year, participated 35 000 Human. It turned out, that investing in cryptocurrencies is very popular in Latin America. About a third of respondents also invested in stablecoins. Besides, Investments in NFTs and decentralized finance projects are quite popular (DeFi).

“Latin Americans are increasingly using new technologies to conduct financial transactions. We expect, that the trend will continue, insofar as 95% respondents reported plans to use digital currencies for payments. 29% stated, that they began to use cash less over the past year", – said Walter Pimenta, vice president of products and engineering for Mastercard in Latin America and the Caribbean. (Walter Pimenta).

The survey also revealed, what 54% Latinos expect growth in digital assets and view them as a promising sector for investment. Two-thirds of respondents noted the significant flexibility of cryptocurrencies for various use cases. 82% The respondents were told, that they would like to see support for cryptocurrencies from banking institutions.

Previously reported, that the Visa payment system is launching cards with cryptocurrency support in Latin America.