50% of Latin Americans are confident that cryptocurrencies will have a positive impact on society in the future.
New study carried out by Ripple points out that the populations of Latin America and the Asia Pacific region are those that most bet on crypto as a factor of social impact.
In the case of Latin Americans, they perceive cryptocurrencies as a payment and savings method, while people surveyed in the Asian region were more focused on the purchase of NFTs and digital assets for their emotional value.
Cryptocurrencies in Latin America
In the case of Latin America, 74% of respondents have indicated that they prefer to buy in businesses that allow their customers Pay with cryptocurrenciesThis figure is curious when compared to other regions such as Europe, where only 41% of respondents prefer this type of payment.
This is consistent with another study, rMade by MasterCard in June, in which they point out that more than 50% of respondents had paid at some point using their cryptocurrencies. MasterCard also found that more than 80% of Latin Americans wants local businesses to implement some kind of functionality related to the cryptocurrencies, .
On the other hand, half of Latin Americans believe that cryptocurrencies and crypto technology will have a massive and positive impact on the future of societyIn contrast, only 35% of Europeans are betting on the future of crypto.
Cryptocurrencies in Asia
While Latin America focuses on payments and savings, the Users in the Asian region prefer more emotional uses, such as purchasing NFT art or digital assets related to P2E games. In this sense, the majority answered that they would be willing to buy an NFT that commemorates a historical event.
China, Taiwan, Singapore and Hong Kong are the areas most interested in the NFT purchase, while in the Philippines they prefer tokens related to Axie Infinity.
Cryptocurrencies in the world according to Ripple's study
According to the study, Large institutions are eager to gain exposure to crypto technology, either through central bank digital currencies (CBDC) or any cryptocurrency such as Bitcoin, Ethereum or XRP.
On the other hand, Ripple points out that Crypto and blockchain technology is maturingThis is because more and more companies are specialising and creating new projects with it, while consumers are becoming more aware of what this technology is and what it is used for.
The Use cases and benefits of blockchain are becoming more and more and they are beginning to be implemented both in society and in institutions and governments, which is a good sign for the future of the sector.
However, the main barriers to adoption remain the lack of education and knowledge, as well as the slow regulation that, in some cases, creates a chaotic framework that prevents the correct development of Web3 companies.
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