MASTERCARD SURVEY SHOWS THAT BOTH LATIN AMERICA AND CARIBBEAN (LAC) CONSUMERS HAD AT LEAST ONE EXPERIENCE WITH CRYPTO!

In Latin America and the Caribbean (LAC), where the payments juggernaut Mastercard reports that over half of “consumers” have had at least one experience with crypto, interest in cryptocurrency is rising.

In its New Payments Index poll, the company claimed to have spoken to “more than 35,000 people throughout the world,”. In addition, 51% of respondents from the LAC region stated that they had engaged in “at least one cryptocurrency-related activity” over the previous 12 months.

It was noted that more than a third of the respondents from Latin America and the Caribbean had used a stable coin to “make a payment for an everyday item.”
54 percent of Latino and Caribbean consumers are “optimistic,” according to the study conducted between March and April of this year.

More than half of Latin America and Caribbean respondents said they desired “more flexibility to use crypto and traditional payment methods” in their daily financial activities.

Additionally, a staggering 82 percent of respondents said they wished their present banks would offer them various “directly available” “cryptocurrency-related” services.

However, the survey seems to indicate that the region is an exception. For example, fewer than 6 in 10 respondents worldwide said they “would feel more secure about crypto if they knew it was issued or backed by a respectable organization.” And over a third said they were “somewhat or very likely to attempt paying with crypto” in the upcoming year.

According to a survey conducted by Mastercard, digital payments are becoming more popular in Latin America. Ninety-five percent of respondents said they planned to use digital payment methods in the upcoming year. In addition, about a third of respondents in the past year claimed they had used less money.

The survey’s results follow a rush of investment in the area by Mastercard’s competitor Visa. In collaboration with significant regional participants in the blockchain business, the latter launched several cryptocurrency cards in Brazil and Argentina this month.