A report on the state of crypto in the Latin America region has concluded that adoption is likely to continue apace for the rest of the year – and will find fertile ground for growth in the world of cross-border payments and “crypto credit cards.”
The report was issued by Americas Market Intelligence (AMI), a Latin America-focused market intelligence firm.
In its forecasts for the remainder of 2022, AMI claimed that while the word “cryptocurrency” would “remain synonymous with volatility,” this would “entice” some, but could “discourage” others.
Adoption drive
The company claimed that most crypto adoption cases would come in the form of private investors, with crypto buyers “hoping to ride cryptoasset prices ‘to the moon.’” Much of this attention will center on “high-volatility assets” including bitcoin (BTC) and ethereum (ETH), the report’s authors wrote.
The mainstream financial sector is likely to feed this growing need by rolling out more digital wallets and access to...
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