Latinx communities continue to rise above Bitcoin adoption obstacles -Breaking
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© Reuters. Digital assets have recently become more and more prevalent in our daily lives — in the news, popular culture and our personal interactions. The number of daily global (and weekly) digital assets increased by 3% in the first quarter 2021.BTCTransactions Hit367,536. Only Bitcoin now AccountsOnline transactions account for approximately $20 billion each day. Not only this, but those who are familiar with digital assets and cryptocurrencies trust them implicitly — Binance’s “Global Crypto User Index” for 2021 ShowsA 97% confidence level in cryptocurrency.
Members of Latinx communities have the highest adoption rates in crypto, accounting for approximately 31% percent of Hispanics. Being a homeownerThe same data shows that 25 percent of Bitcoin users are Latinx. This impressive adoption rate can be explained by many factors, including the lack of traditional wealth access. 2016 Latinx Families HeldWhite families had less than half the wealth and they were more likely to provide support for family members who weren’t living in their home. There will be 3,000 Mexicans living in America by 2020. SendOver $40 billion was transferred to Mexican family members, with many of those transfers made via cryptocurrency.
Rodrigo BezanillaCoinsource’s Latin American business strategist is Rodrigo. Rodrigo is a professional with extensive experience in the management of cross-border relationships between Mexico and America. He has over 25 years’ worth of investment and financial advice experience. Rodrigo is the managing partner of Tejas Opportunity, which is a trans-border private equity company that focuses on Texas social impact investments. He lends his experience to the Latin American community by creating opportunities through business alliances, private equity, and strategic partnerships.
Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information, including buy/sell signal data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.
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