Between July 2023 and June 2024, Argentines received US $ 91 billion in on-chain transactions, being the most active country in the reception of cryptocurrencies.
Argentina He was recognized as one of the countries referring to Blockchain and Web3 in Latin America. Between July 2023 and June 2024, Argentines received US $91 billion in on-chain transactions, being the most active country at the reception of crypto, surpassing Brazilaccording to an analysis by Sherlock Communications.
In turn, the “Geography of the 2024 cryptocurrencies” of Chainysis highlights that Argentina is the second largest cryptocurrency market in Latin Americaonly behind Brazil, although in recent times it was winning land and is considered the most promising market in the region, with high levels of regulation and adoption.
The use of cryptocurrencies in Latin America
The sixth report Blockchain Latam 2025, ecosystem and regulatory updates in Latin Americaanalyze digital ecosystems and regulatory advances in the region and highlights how development Blockchain It is being adopted as a strategic tool to promote financial inclusion and economic stability, with special emphasis on the role of stablecoins and Ethereum’s domain in transactions on blockchain platforms.
“Research shows that the region is building Real solutions to urgent social challengesenvironmental and economic. Clear rules are still missing, but They are on their way and open the door to trips, remittances and trade based on stablcoins; electoral audits ON-CHAIN; and the Tokenization Of real estate and government bonds, “said Luiz Eduardo Abreu Hadad, consultant and researcher at Sherlock Communications Sherlock.
The report also highlights that Argentina, Brazil and Mexico They are the largest local economies and continue to lead the adoption and development of Blockchain and Web3, while Colombia and Peru are emerging as “emerging stars” in this context.
In turn, a survey was conducted with programmers in the region and revealed that the choice of blockchain platforms is increasingly based on Practical criteria such as the quality of the development environment and team experience. However, obstacles persist for mass adoption, such as lack of support, scams and regulatory uncertainty.
Source: Ambito
