Miami, January 25, 2023—Americas Market Intelligence (AMI) and Payments & Commerce Market Intelligence (PCMI) have just published a new report entitled Crypto Usage in Latin America, which is available for free download on AMI’s website.
The report delves into how LatAm crypto consumers are behaving and the potential growth of crypto adoption in Latin America. “Despite the Crypto Winter, which brought a collapse on the crypto prices and the bankruptcy of a relevant actors in the ecosystem, our research indicates—perhaps surprisingly to many—that crypto adoption is on the rise in Latin America even with these headwinds,” explains Ignacio E. Carballo, Head of Crypto & Alternative Finance at AMI. “Particularly for payments providers in the region, blockchain technology has strong potential to improve their services or even attract more customers into new business models,” he says.
Among the key data points found in Crypto Usage in Latin America:
- Cryptocurrency purchase frequency among Latin American consumers
- Preferred payment methods to buy cryptocurrencies in Latin America, broken down by P2P transactions and crypto exchange platforms
- The seven main uses of cryptocurrencies (and their adoption rates) among Latin Americans
- The top ways people spend crypto when making purchases online and offline
- Percentage of LatAm crypto consumers that are users of metaverse platforms
Besides showing this data for Latin America overall, the report also shows specific data for countries including Argentina, Brazil, Colombia, Mexico, Peru, and Chile.
“The crypto market is evolving to the point of becoming an ecosystem. We at AMI are continually measuring all moods and flavors of crypto, as the technology behind it is developing incredibly rapidly and the spectrum of usage is continually expanding,” says Carballo. “We hope this report helps to get a wider sense of the crypto usage scenarios that currently exist. Payments companies that deepen their understanding of crypto use cases will be better positioned to take advantage of its expansion throughout the region.”
To discuss the data inside this report, AMI’s Ignacio E. Carballo is available for interviews and press comments.
Reach out to: Abel Delgado, Director of Digital Marketing, at adelgado@americasmi.com
About Americas Market Intelligence
Americas Market Intelligence (AMI) is the premier market intelligence and strategy consultancy for Latin America, providing powerful research insights for companies to succeed in a wide range of verticals in the region, including payments, healthcare, logistics, mining, energy, infrastructure, consumer goods and the industrial sector. Its customized research reports deliver data-based clarity and far-reaching strategic direction based on expert sources.
About Payments & Commerce Intelligence
Payments & Commerce Market Intelligence (PCMI) is the global continuation of the AMI payments practice, providing market intelligence services in the global payments industry, with coverage of over 50 markets across the Americas, EMEA and APAC.
Press contact: Abel Delgado, Director of Digital Marketing, adelgado@americasmi.com
