Crypto Currency News

65% of Argentines are willing to use cryptocurrencies as a means of payment

The distrust explains why some Argentines still do not use crypto assets.

A study conducted by CoinsPaid revealed that 65 % of Argentines say they are willing to use cryptocurrencies as a means of payment in physical stores, a percentage that would be even higher if the country offered greater security to cryptocurrency users.

The survey carried out in Argentina, Colombia and Brazil confirmed that 55.5% of Argentines would be willing to pay in cryptocurrencies to buy in online stores, especially electronic products such as computers or telephones. The figure, however, is below the parameters registered in Brazil and Colombia, where around 70% of respondents who would accept to pay in online stores are around 70%.

Up to 41.3% of the survey participants would be willing to buy using cryptocurrencies if the country scenario warranted greater confidence.

Undoubtedly, the cryptocurrency market arouses great interest in Argentina, at the same time that the country is taking the first serious steps towards its regulation and is beginning to provide the legal and security support that users demand in the cryptocurrency market. .

The Argentines surveyed prioritize the aspect of regulation and information about promotions, discounts and exclusive services that businesses that accept cryptocurrencies could offer.
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Rafael Brunacci, Business Development Manager for CoinsPaid in Latin America, stated that “purchases in cryptocurrencies like Bitcoin obviously increase when their own value is stable, but the trend is clear. Between December 2020 and January 2022, crypto transactions will reach $1.8 trillion, which is a huge amount for retail activity and illustrates the importance of businesses accepting digital currency payments.”

As for the other two countries included in the report, in Colombia the Ministry of Information Technology and Communications approved the Reference Guide for the adoption and implementation of block chain technology projects in public entities of the State. And the country’s Financial Superintendence gave the green light to the first pilot experiences of banks allowing cash in and cash out operations in cryptocurrencies.

And in Brazil, the Senate has just approved the law that regulates cryptocurrencies and operations with virtual currencies.

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