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Mexico Receives 11% of All Latin America Retail Crypto Payments

Amy Liu

Summary: According to El Economista, Chainalysis expert Daniel Cartolin presented a report to a meeting of the Association of Certified in Financial Crime Specialists that, in the same time period, the Latin America region received USD 24m in crypto payments from other parts of the world – with USD 25m going the other way. Cartolin claimed ...

According to El Economista, Chainalysis expert Daniel Cartolin presented a report to a meeting of the Association of Certified in Financial Crime Specialists that, in the same time period, the Latin America region received USD 24m in crypto payments from other parts of the world – with USD 25m going the other way. Cartolin claimed that Latin America was responsible “for 7% of the value of the entire global crypto economy.” And cross-border crypto payments appear to be playing a bigger role than ever in the Mexican-American economy – with Mexico’s 11% share in retail payments “largely due to the use of remittances originating from the United States.”

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