A recent survey found that remittance payments, worries about fiat currency, and the desire to make money are the three main reasons why people in Latin America use cryptocurrencies.
According to a Chainalysis research release on October 20th, the value of cryptocurrencies acquired by individuals in the seventh-largest cryptocurrency market in the world increased by 40% between July 2021 and June 2022, hitting $562 billion.
Significant amounts of stablecoins were also used for transactions under $1,000 in Argentina and Brazil. The chain reaction
