Latin America leads growth in crypto remittances this year (DigWatch)

Cryptocurrency remittances in Latin America have surged by over 40% in 2024, reflecting a rapid shift towards digital currencies in cross-border money transfers. Rising stablecoin use, a trusted dollar proxy, drives growth amid economic challenges and currency controls in the region. Crypto ATMs, which eliminate intermediaries and provide physical points of access, have bolstered adoption. Countries such as Mexico, Puerto Rico, Panama, Colombia, and Argentina are leading this growth, supported by thousands of crypto ATM locations.

Latin America leads growth in crypto remittances this year | Digital Watch Observatory

Latest articles

Related articles