Latam’s landscape is still growing.
The most prominent this week comes from Argentina, which recently granted Crypto.com Operation approval. Meanwhile, Helium installed 100 hot points for mobile in Mexico.
National Securities Committee (CNV) in Argentina Crypto.com credit for work As virtual asset service provider (VASP), according to its official website.
This achievement is a decisive teacher of the organization, as they continue to follow a full operating license under the new restrictions published on March 14.
Alain Yacine, President of Crypto.com to Latin America, expressed his happiness with achievement and enthusiasm to give Argentine customers and merchants a safer and more comprehensive encryption trading experience.
The Latin American market, especially Argentina, increases the use of Bitcoin quickly, making it a major focus on the growth plan for Crypto.com.
According to the recent research, nearly half (46 %) of Argentine participants believe it is necessary to spend the cryptocurrency through the discount card, with more than half (57 %) planning to invest in encrypted currencies during the next year.
Argentina has more than 10 million encryption asset accounts, indicating a strong interest in financial technology and digital currency.
According to Crypto.com, local Stablecoin activity constitutes 61.8 % of the volume of transactions, which exceeds the global rate of 44.7 %.
This indicates the desire for financial security in an unpredictable economic climate.
The expanding legal frameworks are necessary for the safety of the user, as they seek to enhance transparency and protection within the ecosystem for encryption in Argentina, which paves the way for a more organized market.
Helium installs 100 hot moving dots across 18 cities in Mexico
Helium cultivates its network in Mexico, with the last fixing of 100 new mobile points for the mobile phone, which reaches the total number of 736 across the country.
according to CointelegraphThis great penetration comes after the company’s cooperation with Movistar in February. Helium, who has been observed for the decentralized wireless communication platform on Solana Blockchain, aims to improve the user communication and service quality while encouraging the growth of the network driven by the community.
Helium has recorded a total of 281.83 GB of data that has been transferred over the past thirty days, indicating a strong activity in the region. Daily data transfer quantities vary greatly, as peaks exceed 40 GB in some days and low activity on others.
This contrast indicates that the network has a dynamic use pattern, which is kept by community members who contribute to its expansion by adding new hot points and earning HNT prizes for their efforts.
BITSO: 39 % of the Latam encryption community prefers Stablecoins in 2024
According to the recent Bitso estimates, in 2024, 39 % of Latin American users will turn into Stablecoins as a resort in the face of economic crises such as inflation and low currency.
The “Panorama Cripto En América Latina” report shows a large movement towards Stablecoins such as USDC and USDT, indicating an increase in demand for these assets as hedging against economic fluctuations.
according to CointelegraphThis desire is more important to the broader currency market in the region, where more people are looking for the digital assets that provide stability.
The research also indicates a transformation in customer preferences, as the sales rate in Bitcoin decreased from 38 % in 2023 to 22 % in 2024.
This reduction can be attributed to the high price of bitcoin and the common investment technology among users known as “Hodl”, where investors keep bitcoin instead of selling.
Other cryptocurrencies also gain a traction, as altcoins such as ETAREUM and SolaNa keep their locations and Meme currencies such as Pepe and Doge vision of a significant rise in popularity, indicating a wide range of interest in digital assets.
Moreover, the paper highlights the main trends in major countries such as Argentina, Brazil and Colombia. In Argentina, excessive inflation and capitalist restrictions increased from Stablecoin’s adoption by 11 %, increasing a total to 1.6 million users.
The organizational developments in Brazil and the Defi growth resulted in the Stablecoins account with 26 % of purchases, with a customer base of 1.9 million.
Finally, in Colombia, the column of the Colombian Busoins strengthened as a preferred option among users, indicating a regional response to economic uncertainty.
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