Crypto Payments More Popular in LATAM and EMEA Countries (Report)

LATAM and EMEA are the regions where most cryptocurrency payments were transacted during the first half of 2022, Deel’s research revealed.

For one, Venezuela has been on a downward economic spiral for years. The inflation rate there is among the highest in the world, while a considerable chunk of the locals are unemployed.bitcoin as an official payment method inside its borders – has the reputation of being the most violent nation in the region. Earlier this year, it recorded a murder rate of 52 per 100,000 inhabitants, ranking first in the world in that grim statistics.

It is also worth observing which assets were the most transacted. The largest one by market capitalization – Bitcoin – is the leader accounting for 47% of all settlements. Circle’s stablecoin – USDC – and Ether rounded up the top three with respectively 29% and 14%.that residents of Latin America are the most inclined toward the digital asset sector.

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