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
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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.