62% Of Brazilians Consider Crypto To Be The Future Of Finance
According to a report by crypto exchange Kucoin, over half of the Brazilian adult population believes in crypto taking over as a store of value and means of payment in the future.
Brazil, which is the sixth most populous country in the world has suffered an economic beatdown with inflation doubling in the past year to 10% annually. In addition, a large population of adults remains unbanked or underbanked contributing to a large part of the population transitioning to cryptocurrencies.The report further revealed that 34.5 million Brazilians, which represent 26% of the population aged 18 to 60 have operated cryptocurrencies in the past six months.
According to a report by crypto exchange Kucoin, over half of the Brazilian adult population believes in crypto taking over as a store of value and means of payment in the future.
Brazil, which is the sixth most populous country in the world has suffered an economic beatdown with inflation doubling in the past year to 10% annually. In addition, a large population of adults remains unbanked or underbanked contributing to a large part of the population transitioning to cryptocurrencies.The report further revealed that 34.5 million Brazilians, which represent 26% of the population aged 18 to 60 have operated cryptocurrencies in the past six months.