50% of Latin Americans have already used cryptocurrencies

A recent polling survey conducted by Mastercard showed that 50% of the company’s customers from Latin America have experience transacting cryptocurrencies. 33% of them have used stable coins for everyday purchases.

The survey involved 35,000 people. Mastercard customers from Latin America also often invest in non-fungible tokens (NFT) and DeFi projects.

According to Mastercard Latin America and the Caribbean’s executive vice president Walter Pimenta, Latinos increasingly turn to digital currencies. The company expects that this trend will continue to rise.

95% of respondents are going to use cryptocurrencies to make purchases, and 29% of consumers used less cash in the past year.

More than half of the survey participants believe that the price of digital assets will go up. So, many Latinos consider the crypto industry as a promising trend for investment.

Two-thirds of Latin Americans would like to use a hybrid payment method that includes both crypto and fiat money.

82% of customers would like their current banks to support crypto-related functions. 86% of Latinos have already used at least one innovative payment method, such as biometrics, QR codes and payments in digital currencies.

Earlier, Mastercard launched crypto payment cards for their clients in the Asia-Pacific region. The company also gives support to start-up companies working with digital currencies and blockchain.

This month, Visa signed an agreement with local companies to launch crypto-linked cards in Latin America. Visa also has founded a consulting service that will help clients who want to work with digital assets and NFTs. A special training program has been developed for NFT creators.