Mastercard interviewed 35,000 people around the world as part of its "New Payments Index" survey. 51% of Caribbean respondents said they have engaged in at least one crypto-related activity in the past 12 months. The company added that more than a third of respondents in Latin America/Caribbean use a stablecoin for daily payments.

The survey, conducted between March and April this year, found that 54% of consumers in Latin America and the Caribbean are optimistic about the performance of digital assets as an investment. 66% of respondents in Latin America and the Caribbean said they would like “more flexibility to use crypto and traditional payment methods interchangeably” in their day-to-day financial operations.

82% said they want their existing banks to provide them with directly accessible functions related to cryptocurrencies. 77% of respondents said they would be happy to use crypto if they learned more.

MasterCard Btc

The survey showed that 69% of respondents would confidently invest if cryptocurrencies were issued or backed by an institution such as a bank. 67% of respondents said they would be happy to pay with crypto if the tokens have traditional finance backers.

Just over a third of respondents globally said they were somewhat or very likely to try paying with crypto next year, while less than 6 in 10 admitted that they would feel more secure in crypto if they knew that cryptocurrencies were issued or backed by a reputable organization.

Mastercard's survey also revealed that digital payments are on the rise in Latin America, with 95% of respondents wanting to use digital payment methods in the next year. Almost a third of respondents noted that they used less cash in the past 12 months.

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The survey's findings came just after the activity of Visa, a rival of Mastercard, in the region. Visa this month launched several crypto cards in Brazil and Argentina in partnership with major local blockchain industry companies.

“More and more Latin Americans are showing an interest in cryptocurrencies and seeking solutions that facilitate access to the crypto world,” said Walter Pimenta, Mastercard’s Vice President of Products and Engineering for the Latin America/Caribbean region.

Pimenta added that Mastercard is working on “solutions to increase digital engagement and strengthen agreements that guarantee interoperability and support.”