Mastercard: 51% of users from Latin America have invested in cryptocurrencies

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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 New Payments Index 2022 study,which took place between March and April this year, 35,000 people participated. It turned out that investing in cryptocurrencies in Latin America is very popular. About a third of respondents also invested in stablecoins. In addition, investments in NFTs and decentralized finance (DeFi) projects are quite popular.

“Latin Americans are increasingly using newtechnologies for conducting financial transactions. We expect the trend to continue as 95% of respondents reported plans to use digital currencies for payments. 29% said they used cash less over the past year,” said Walter Pimenta, vice president of products and engineering for Mastercard Latin America and the Caribbean.

The survey also revealed that 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% of respondents said that they would like to see support for cryptocurrencies from banking institutions.

It was previously reported that the Visa payment system is launching cards with cryptocurrency support in Latin America.