XRP leads the coding list for Latin America before ETH, Sol – reports

The new statistics issued by the Crypto Bitso platform show that XRP, as an option for payment, is gaining strength with Latin American consumers. XRP currently represents 9 % of all purchases on the platform and acquires much ancient encryption options such as ETHEREUM and Solana. This represents a major transformation from 2023 when the distinctive symbol is recorded in the medium customer portfolio in Latin America.
Mexican users lead the adoption of XRP all over the region
Attention to XRP was paid between Latin American countries by Mexican cryptocurrency dealers. in Beto reportMexican users applied 10 % of all the activity of purchasing the cryptocurrency towards the storage on XRP. This style happened with the slowdown of the overall basic system activity, but the purchase of XRP increased significantly against other encrypted currencies.
The Mexican fame of XRP is worth noting because Bitso has addressed large quantities of boundaries there. According to its amounts, Ripple was 3.3 billion dollars of transfers through their Bitso channel in 2022 from the United States to Mexico.
Source: Bitso
The composition of the wallet reflects a radical rise in XRP holdings
In such a context, the report presented by Bitso highlights the most impressive discoveries: the pace that Xrp He came to the coding governor in Latin America. As of 2023, XRP was not present in the composition of the typical portfolio of Bitso customers in Latin America. In 2024, this number rose to 13 %, reflecting a seismic change in local investment patterns.
Source: Bitso
This rapid adoption of user portfolios in the region now means a large component of XRP, although not registration in portfolio statistics just one year ago. Change refers to increasing confidence in XRP among the cryptocurrencies in Latin America.
Bitcoin and Stablecoins are still dominating trading activity
Although XRP showed impressive growth and bitcoin and Stablecoins The leading options between encryption users in Latin America are still still. Based on the Bitso report, Bitcoin Such 22 % of the total purchases on the platform in 2024, a decrease from approximately 30 % during the first half of the year.
Stablecoins led all categories of cryptocurrencies with approximately 40 % of the purchases attributed to this dollar Cross currencies. Stablecoin’s appeal is likely to be applied, such as the flow of the local currency inflation and the entry point for other encryption investments.
Political changes and price performance pay interest
It is also possible that the XRP price estimation will help 230 % in 2024 – the best since 2021 – to make it very popular. The majority of the gathering occurred, according to the report, in the fourth quarter of the year.
It seems that the hope in XRP is linked to American political events. The report refers to Donald Trump’s presidential victory and head of the resignation of Gary Ginsner, SEC’s chairman, has stored new attention at XRP. These expectations of possible organizational clarity that could prefer XRP and its mother company Ripple, which faced legal battles with American organizers.
Distinctive photo of Pexels, tradingView graph

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.