Remittances and high inflation are the main factors driving adoption in the Latin American area, which will account for 9.1 percent of the worldwide value of crypto in 2022
According to a recent survey, the three main factors influencing the spread of crypto in Latin America are remittance payments, currency worries, and profit-seeking.
A Chainalysis research released on October 20 showed that the value of crypto-assets acquired by people in the seventh-largest crypto market in the world increased by 40 percent between July 2021 and June 2022, hitting $562 billion.